The tragic events that unfolded during America’s Afghanistan withdrawal won’t soon be forgotten, but as WSJ’s Gerald F. Seib explains, the many upcoming domestic issues on the fall legislative agenda are about to become the focus in Washington.
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Fewer deals and shipping delays: Here are some early predictions for the holiday seasonHoliday sales this year are expected to grow at least 7% compared with last year, according to forecasts from Bain, Deloitte and Mastercard. good Perfect excuse to focus on family and charity this holiday season.
Source: CNBC - 🏆 12. / 72 Read more »
Here's who would be affected by House Democrats' potential tax changesSome wealthy individuals and corporations would pay higher taxes under proposed changes from House Democrats. MakeIt 👍💵
Source: CNBC - 🏆 12. / 72 Read more »
Democrats Release Details of Proposed Tax IncreaseHouse Democrats detailed their proposed tax increases, calling for raising the corporate tax rate to 26.5% from 21%, a 3-percentage-point surtax on top earners and a capital-gains tax increase This won't have downstream effects. Cue the guys making 35k a year in Kentucky or Alabama complaining about this attack on capitalism Reverse the TaxScam of 2017. End CorporateWelfare. Amazon and Walmart shirk taxes and employees are on welfare. Their trucks chew up the roads. EatTheRich is real. Stop 🛑 subsidizing big oil. GildedAge 2.0 is over.
Source: WSJ - 🏆 98. / 63 Read more »
House Democrats propose raising capital gains tax to 28.8%The proposal differs from a prior Biden administration plan to raise the top combined rate to 43.4% for those with income over $1 million. Never seen a good economic condition that they didn't want leverage to buy votes with other people's money. Lol good luck
Source: CNBC - 🏆 12. / 72 Read more »
House Democrats want tax hikes that are ‘a little less aggressive’ than those proposed by President Biden'This is a strong indication of the direction Congress will be going in tax policy,' one expert said this is terrible news
Source: MarketWatch - 🏆 3. / 97 Read more »
Child tax credit, ACA subsidy extension in House Democrats' tax planHouse Democrats hope to extend existing child cash payments through 2025 and make expanded ACA subsidies permanent as part of a new tax plan lawmakers released on Monday. 🤦🏻♂️ Care to explain to the tax-payers what you're doing?
Source: NBCNews - 🏆 10. / 86 Read more »