Tax Policy, Estate Tax

Opinion | House Democrats Miss Some Necessary Tax Increases

The breaks on carried interest and capital gains at death should be eliminated to hit the rich.

9/28/2021 6:15:00 AM

From WSJopinion: The breaks on carried interest and capital gains at death should be eliminated to hit the rich, writes Alan S. Blinder

The breaks on carried interest and capital gains at death should be eliminated to hit the rich.

ByAlan S. BlinderSept. 26, 2021 5:20 pm ETPresident Biden needs tax revenue to pay for his Build Back Better plan, and he wants to raise most of it by raising taxes on corporations and the rich—both of which got large tax cuts under President Trump. But congressional Democrats are already balking at the White House’s tax-hike proposals. The House Ways and Means draft bill falls short of the Biden tax proposals in several ways, but thankfully not all.

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The draft accepts the global minimum corporate tax rate that Treasury Secretary Janet Yellen painfully and successfully negotiated with 130 countries—yes, 130. It would be a shame to see Congress pull the rug out from under Ms. Yellen’s achievement and at least so far, it hasn’t.

Read more: The Wall Street Journal »

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opinion BBB motto may have taken from that of HeidelbergCement’s, which is For Better Building.

Why the White House and Democrats use $400,000 as the threshold for taxing 'the rich'President Joe Biden and House Democrats aim to raise taxes on Americans with more than $400,000 of income. But what's the significance of that threshold? good Top 1% starts at around $400k income. Isn't the presidential salary $400,000 ? Hmmm !

Opinion | Biden’s Reconciliation MessFrom WSJopinion: Democrats’ disarray in Congress is a sign nobody is in charge at the White House, writes KimStrassel opinion KimStrassel opinion KimStrassel Now Dems know how George w fealt in 2004. It's not easy having all the power. You think you want it but it's complicated to corral all sides. opinion KimStrassel No es fácil arreglar el desorden que dejo el psicopata de Trump.

Pelosi Says Vote May Be Delayed On $1 Trillion Infrastructure BillThe House speaker also said she plans to scale down the $3.5 trillion reconciliation bill in order to 'find common ground' with dissenting Democrats. SpeakerPelosi nooooo, enough. When do the Moderate Dems compromise. When do the Repubs compromise? Enough, make it happen full on, full speed!! What initiatives will be scrapped? BuildBackBetter

Pelosi Says Vote May Be Delayed On $1 Trillion Infrastructure BillThe House speaker also said she plans to scale down the $3.5 trillion reconciliation bill in order to 'find common ground' with dissenting Democrats.

Democrats' criticisms of Biden are reminder of why GOP is a danger to democracyOpinion | Democrats' criticisms of Biden are actually a reminder of why the GOP is such a danger to our democracy. By MichaelGordonUS. MichaelGordonUS WTF? Lol 😂 MichaelGordonUS Well this is a bs article - delete your account MichaelGordonUS Such a biased media outlet

Democrats' Latest Crisis Comes Courtesy of Corporate AmericaThe House infrastructure vote is scheduled for today. The expected showdown between moderate and progressive Democrats comes courtesy of corporate America