Biden made the remarks from the White House, just before he is expected to head overseas for a meeting of G20 leaders in Rome and then the U.N. climate change conference in Glasgow, Scotland.Sign up for our newsletter
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Democrats unveil billionaires' tax proposal as they search for agreement on Biden planSenate Democrats unveil a proposed new entry in the tax code that would raise taxes on the wealthiest Americans — fewer than 800 people, all told. Poorly structured policy Unworkable pap. How do you measure “unrealized capital gains” on buildings, yachts or a Picasso? Do the “billionaires” get deductions when these values go down? In the end the brunt of this tax will fall on the middle class, eventually.
Source: latimes - 🏆 11. / 82 Read more »
Democrats at odds over 'billionaires tax' to fund sweeping Biden agendaSenior Democrats in the U.S. Congress were at odds on Wednesday over a proposal to tax billionaires' assets to help pay for President Joe Biden's social and climate-change agenda, leaving it unclear if the idea had enough support to become law. Wake up people this is not just for billionaires. They will also tax the gains once they are realized (for a second time). I doubt there will be a payback if the unrealized gains turn out to be actual losses.
Source: Reuters - 🏆 2. / 97 Read more »
Manchin speaks out about his tough bargaining with Biden, fellow DemocratsDuring an interview with Washington D.C. Economic Club Chairman David Rubenstein, Sen. Joe Manchin talked about his political affiliation and pushed for bipartisanship. Maybe we should stop asking him and planting ideas in his head. So basically Manchin is blocking people getting much need funding , while he lines his pockets with millions Democrate in name only. Dino
Source: ABC - 🏆 471. / 51 Read more »
Democrats unveil billionaires' tax as Biden plan takes shapeSenate Democrats on Wednesday unveiled a new billionaires’ tax proposal designed to help pay for President Joe Biden’s sweeping domestic policy package. What if they eliminated corporate tax incentives/subsidies (aka corporate welfare) for any company worth over a billion dollars. It would certainly crush Tesla, oil companies and the whole market but that’s coming soon enough anyway 🤌
Source: CNBC - 🏆 12. / 72 Read more »
Biden expected to attend House Democrats' meeting, signaling a deal on spending bill is imminentPresident Biden will attend a House Democratic caucus meeting this morning to build support for his economic agenda. ylanmui has the latest.
Source: CNBC - 🏆 12. / 72 Read more »