“I will not impose any tax increase on people making less than $400,000. But it’s time for corporate America and the wealthiest 1% of Americans to begin to pay their fair share. Just their fair share,” Biden said during hisfirst joint addressto Congress. ...
The Biden Promise Tracker monitors the 99 most important campaign promises of President Joseph R. Biden, elected in November 2020. Biden said his top priorities were fighting the coronavirus, improving the economy, responding to calls for racial justice and combating climate change. For each ...
More importantly,Biden’s budget proposaldoes not increase taxes as much as Trump claims, though the increases are focused on corporations and the wealthy. Trump’s 2017 tax cuts for individuals are set to expire after 2025, because they were not fully funded when they became law...
“You know what the average federal tax is for those billionaires? No?” Biden said to laughter in the chamber. “They’re making great sacrifices: 8.2 percent.” Biden also wants to establish a 25 percent minimum tax on people with wealth over $100 million and increase the Medicare...
Biden promises ‘no U.S. boots on the ground’ in Gaza The bloody conflict between Israel and Hamas was an unavoidable backdrop to Biden’s speech. His motorcade took a different route to the U.S. Capitol after protesters blocked part of Pennsylvania Avenue. Inside the House chamber, s...
This increase reflects investors’ anticipation that a Trump administration would implement income tax cuts, potentially adding trillions of dollars to already ballooning deficits. Democratic President Joe Biden can counter critiques by pointing to robust economic growth and his administration’s success in...
I’ve been arguing for a long time that we need tax simplification rather than a bigger budget for the IRS. The clowns in Washington have a different perspective, however, and they approved the Biden-Harris plan to dramatically increase the IRS budget because that supposedly would generate hundr...
The Washington Post noted that the 2024 general election promises to be "the longest, most expensive and, perhaps, most divisive presidential race in recent memory." The huge expenses have sparked dissatisfaction among the American public. A survey conducted by the Pew Research Center shows that ...
the presidency, Senate and House — includes the extension of the Trump-era tax cuts that expire next year. He did not mention the state and local tax deduction, or SALT, cap that was part of that legislation — and that D’Esposito and other blue-state Republic...
the presidency, Senate and House — includes the extension of the Trump-era tax cuts that expire next year. He did not mention the state and local tax deduction, or SALT, cap that was part of that legislation — and that D’Esposito and other blue-state Republicans want ...