Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill
3 years, 3 months ago

Democrats look to hike taxes on the rich and corporations to pay for $3.5 trillion budget bill

CNN  

CNN — House Democrats want to increase taxes on wealthy Americans and corporations to pay for their sweeping $3.5 trillion budget package. The draft proposal, which could still change before it is expected to be officially released Monday, calls for increasing the top marginal rate on individuals to 39.6%, up from the 37% rate set by the Republicans’ 2017 tax cut law, according to a plan circulating Sunday and obtained by CNN. It would also give the Internal Revenue Service an additional $80 billion over the next 10 years for tax enforcement of high-income Americans, which the Congressional Budget Office estimated could raise $200 billion. All told, the measures would raise an estimated $2.9 trillion, though the plan cautions that “this number remains very preliminary.” When combined with an estimated $600 billion in dynamic revenue growth estimated by the White House, the proposal would fully offset the cost of the Democrats’ budget package, according to the drafters.

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History of this topic

Trump ally seeks 'dramatic increase in corporate taxes' — until 'they start squealing'
3 days, 12 hours ago

Trump ally seeks 'dramatic increase in corporate taxes' — until 'they start squealing'

Raw Story  

One of President-elect Donald Trump's longtime confidants is calling on him to inflict "pain" on the wealthiest Americans and corporations in the form of higher taxes during his second term in the White House. In a wide-ranging Friday interview with Semafor reporter David Weigel, Steve Bannon — who was Trump's former chief White House strategist — indicated he wanted the …

House and Senate Republicans debate which priorities to move on first
1 week ago

House and Senate Republicans debate which priorities to move on first

NPR  

House and Senate Republicans debate which priorities to move on first Senate and House GOP leaders plan a wide-ranging policy agenda but have a short window to act; and passing bills using rules to get around a filibuster requires near unanimity. NPR congressional correspondent Deirdre Walsh reports that House and Senate Republicans are debating what to do first. DEIRDRE WALSH, …

'Landmines loom over' GOP agenda with warning Congress not 'on the same page' with Trump
2 weeks, 1 day ago

'Landmines loom over' GOP agenda with warning Congress not 'on the same page' with Trump

Raw Story  

Republicans in Congress and the incoming Donald Trump administration are facing an internal battle over the president-elect’s “first 100-day agenda” as senators prepare to push border security and energy production over House GOP calls for a tax bill, CNN reports. The strife represents “a preview of the landmines looming over the GOP’s ambitious agenda despite controlling all of Washington,” according …

Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
3 weeks, 2 days ago

Donald Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

Hindustan Times  

A tax break for millionaires, and almost everyone else. Government job cuts to “drain the swamp.” Having won the election and sweeping to power, Republicans are planning an ambitious 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a congressional majority to accomplish their policy goals. Trump’s first term became defined by those tax cuts, …

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
Trending News
3 weeks, 2 days ago

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

Associated Press  

WASHINGTON — A tax break for millionaires, and almost everyone else. Trump’s first term became defined by those tax cuts, which were approved by Republicans in Congress and signed into law only after their initial campaign promise to “repeal and replace” Democratic President Barack Obama’s health care law sputtered, failing with the famous thumbs-down vote by then-Sen. John McCain, R-Ariz. …

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
3 weeks, 3 days ago

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

LA Times  

Republican leaders in the House, including Speaker Mike Johnson, center, Majority Whip Tom Emmer, left, and Majority Leader Steve Scalise, are planning an ambitious 100-day agenda once President-elect Donald Trump is inaugurated. Atop the list is the plan to renew some $4 trillion in expiring GOP tax cuts — a signature domestic achievement of Trump’s first term and an issue …

'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'
3 weeks, 3 days ago

'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'

Raw Story  

On Friday, Politico wrote that Republicans are gearing up for a fight over Trump's new $4.6 trillion tax cut. Politico reported in 2018 that their analysis put Trump's tax cuts at a $2.3 trillion addition to the deficit. The Center of Budget and Policy Priorities revealed in June that the 2017 tax cut passed by Trump and the GOP "skewed …

Big corporations used Trump tax cuts to pump $839B into buybacks and dividends: report
2 months ago

Big corporations used Trump tax cuts to pump $839B into buybacks and dividends: report

Raw Story  

The 15 largest corporate beneficiaries of former President Donald Trump's 2017 tax law have dumped a combined $839 billion into executive-enriching stock buybacks and dividends since the measure's passage, according to research released Wednesday by the progressive watchdog group Accountable.US. "There's nothing to be gained for everyday Americans by doubling down on the Trump corporate tax breaks—a historic mistake that …

15 big corporations used Trump tax cuts to pump $839 billion into buybacks, dividends
2 months ago

15 big corporations used Trump tax cuts to pump $839 billion into buybacks, dividends

Raw Story  

The 15 largest corporate beneficiaries of former President Donald Trump's 2017 tax law have dumped a combined $839 billion into executive-enriching stock buybacks and dividends since the measure's passage, according to research released Wednesday by the progressive watchdog group Accountable.US. "There's nothing to be gained for everyday Americans by doubling down on the Trump corporate tax breaks—a historic mistake that …

Study shows Trump plan would slash taxes for richest 5%, hike them for everyone else
2 months, 2 weeks ago

Study shows Trump plan would slash taxes for richest 5%, hike them for everyone else

Raw Story  

A detailed new analysis of the tax proposals Republican nominee Donald Trump has floated during the 2024 presidential campaign show they would result in annual tax increases for the bottom 95% of the U.S. income distribution—and a substantial giveaway to the richest 5%. The Institute on Taxation and Economic Policy described its study, published Monday, as the "most comprehensive analysis …

Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says
2 months, 2 weeks ago

Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says

NPR  

Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says toggle caption Saul Loeb/AFP via Getty Images With less than a month left until Election Day, both the Harris and Trump campaigns have presented their economic visions to the American people — including proposed tax cuts, border security spending and affordable housing policies. Trump's estimated …

Analysis shows Trump tax plan would make rich people richer — and working people poorer
2 months, 2 weeks ago

Analysis shows Trump tax plan would make rich people richer — and working people poorer

Raw Story  

Republican presidential nominee Donald Trump's proposal to further reduce the U.S. corporate tax rate from 21% to 15% would make the bottom half of the nation's income distribution poorer while boosting the fortunes of those at the very top, according to an analysis published Thursday by economists at American University. If implemented, the economists found, Trump's plan would "modestly reduce" …

Outrage as Dems name and shame companies prioritizing exec pay over taxes
2 months, 3 weeks ago

Outrage as Dems name and shame companies prioritizing exec pay over taxes

Raw Story  

A group of congressional Democrats and Independent Sen. Bernie Sanders on Friday highlighted dozens of profitable U.S. corporations that have paid their executives more than they've paid in federal income taxes in recent years, a problem that the lawmakers attributed in large part to former President Donald Trump's massive tax-cut package that Republicans are working to extend. "In the first …

Morning Joe busts GOP lies about economy: 'Trump tariffs are a huge tax increase'
3 months, 2 weeks ago

Morning Joe busts GOP lies about economy: 'Trump tariffs are a huge tax increase'

Raw Story  

MSNBC's Joe Scarborough highlighted evidence that showed Donald Trump's economic policies would raise costs for many Americans – especially those who live in the states most likely to vote for him. Kamala Harris has proposed raising taxes on corporations and the wealthiest Americans, but Scarborough said the Republican nominee wanted to impose tariffs that would raise the cost of consumer …

Trump says he’ll boost the economy by cutting federal spending and corporate taxes
3 months, 2 weeks ago

Trump says he’ll boost the economy by cutting federal spending and corporate taxes

LA Times  

Donald Trump speaks at a campaign event at the Economic Club of New York on Thursday. Former President Trump told a group of executives and industry leaders on Thursday that he wants to lead a “national economic renaissance” by slashing regulations to boost energy production, embracing cryptocurrencies and drastically cutting government spending as well as corporate taxes for companies that …

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit
3 months, 3 weeks ago

'Explosive path': Experts say 'expensive' Trump tax plan will add $5.8 trillion to deficit

Raw Story  

Donald Trump's tax plan for a second potential term as president would be much more expensive than the one proposed by Vice President Kamala Harris, according to experts. "Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has …

What we know about Kamala Harris’s tax plans
3 months, 3 weeks ago

What we know about Kamala Harris’s tax plans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In her keynote address at the Democratic National …

Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know
4 months ago

Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know

Hindustan Times  

U.S. Vice President Kamala Harris is proposing to increase the corporate tax rate to 28% from 21% if she wins a November election against Republican rival Donald Trump, her campaign said on Monday. Kamala Harris, a Democrat, has pledged to maintain President Joe Biden's promise not to raise taxes on people who make $400,000 or less a year. The Committee …

Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
5 months, 1 week ago

Trump’s economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce

Associated Press  

WASHINGTON — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured. The platform would address illegal immigration in part with the “largest deportation program in American history.” And Trump would also scrap President Joe Biden’s policies …

Biden urged to raise income tax to tackle dangerous US debt
5 months, 4 weeks ago

Biden urged to raise income tax to tackle dangerous US debt

The Telegraph  

Joe Biden must raise income tax and cut pensions spending to slow the dangerous rise in the US national debt, the Organisation for Economic Cooperation and Development has said. Corporate taxes also need to go up, economists suggest, while the US president needs to find a way to control spending on healthcare. The group urged Mr Biden – or Donald …

Key GOP economic talking point destroyed by new analysis
5 months, 4 weeks ago

Key GOP economic talking point destroyed by new analysis

Raw Story  

National debt has for decades been a go-to issue Republicans try to use to persuade voters against supporting social programs — an issue that has crept back to the forefront with new reports that annual interest payments serving the national debt now exceed what the U.S. spends on its military. According to the report, former President Donald Trump's contribution to …

Mike Pence’s foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts
6 months ago

Mike Pence’s foundation launches a $10 million election-year campaign to preserve Trump-era tax cuts

Associated Press  

WASHINGTON — Former Vice President Mike Pence’s foundation is launching a $10 million campaign to preserve the Trump-era tax cuts that are set to expire after next year as he presses conservatives not to stray from the fight before the November election. Democratic President Joe Biden has proposed keeping the tax cuts for people making under $400,000 a year while …

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
6 months ago

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

Associated Press  

WASHINGTON — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February. White House spokeswoman Karine Jean-Pierre, said in a statement that the report “is further evidence of the need for Congress to pass President Biden’s Budget to reduce the …

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report
6 months, 1 week ago

Trump tries to woo billionaire CEOs with promise of another round of tax cuts: report

Raw Story  

Former President Donald Trump is trying to push the billionaire businessman class back into his camp with a promise of another round of corporate tax cuts, this time reducing the rate from 21 percent to 20 percent. According to The New York Times, "Mr. Trump made the remarks from a comfortable gray armchair during a conversation with his former economic …

Trump offers CEOs a tax cut, while Biden touts support for global alliances
6 months, 1 week ago

Trump offers CEOs a tax cut, while Biden touts support for global alliances

Associated Press  

WASHINGTON — Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden’s chief of staff separately told them that the Democratic incumbent’s emphasis on global alliances would help their businesses. Recent economic research indicates that Trump’s corporate tax cuts did boost …

Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say
7 months ago

Use Expiring Trump Tax Cuts To Overhaul The Entire Tax System, Groups Say

Huff Post  

LOADING ERROR LOADING The $4.6 trillion in tax cuts that expire next year offer a chance to completely revamp the U.S. tax system that should not be missed, more than 100 progressive and economic groups said Tuesday. “Congress should pursue reforms — including corporate tax reforms — that stem the decades-long tide of tax cuts for the rich and corporations …

Tax the rich and end Republican welfare for the wealthy
9 months, 1 week ago

Tax the rich and end Republican welfare for the wealthy

Raw Story  

Over the past 50 years, before the GOP went all in on fascism and isolationism, the most dramatic difference between Democrats and Republicans lurked in the driest of places: tax policies. As National Economic Council Director Lael Brainard told the Economic Club of New York last year, although tax cuts for the wealthy added trillions to the national debt, the …

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'
9 months, 1 week ago

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'

Daily Mail  

House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline.' House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline' The White House plans to pay for its ambition agenda - which includes $3 billion for …

Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs
9 months, 1 week ago

Biden’s budget proposal for a second term offers tax breaks for families and lower health care costs

Associated Press  

MANCHESTER, N.H. — President Joe Biden on Monday released a budget proposal aimed at getting voters’ attention: It would offer tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and corporations. “I’m here in New Hampshire to talk about the budget I released today that would, I think, help in a big way,” …

Biden unveils a budget that would cut costs for families and hike taxes for the rich
9 months, 2 weeks ago

Biden unveils a budget that would cut costs for families and hike taxes for the rich

NPR  

Biden unveils a budget that would cut costs for families and hike taxes for the rich Enlarge this image toggle caption Kevin Dietsch/Getty Images Kevin Dietsch/Getty Images The White House unveiled a new $7.3 trillion federal budget proposal on Monday, a plan that would hike taxes on billionaires and large corporations to pay for programs that would cut costs for …

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate
9 months, 2 weeks ago

​Joe Biden to propose massive tax raid on super rich and corporate America in tonight's State of the Union address with sweeping hikes including minimum corporate tax up from 15% to 21% and a 25% rate

Daily Mail  

President Joe Biden plans to launch a raid on the super rich, hiking taxes for corporations and billionaires like Elon Musk and Jeff Bezos. He wants to raise the minimum corporate tax for big companies worth over $1 billion to 21 percent, up from the 15 percent he imposed earlier in his presidency. White House officials said Biden would preview …

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits
9 months, 2 weeks ago

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

Associated Press  

WASHINGTON — President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits and cut taxes for the middle class. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, hammering Republican lawmakers on immigration, tax policy …

$10 trillion in added debt shows 'Bush and Trump tax cuts broke our modern tax structure'
1 year, 2 months ago

$10 trillion in added debt shows 'Bush and Trump tax cuts broke our modern tax structure'

Raw Story  

The U.S. Treasury Department on Friday released new figures related to the 2023 budget that showed a troubling drop in the nation's tax revenue compared to GDP — a measure which fell to 16.5% despite a growing economy — and an annual deficit increase that essentially doubled from the previous year. In response to the Treasury figures released Friday, Kogan …

'Tax scam': Republicans follow debt ceiling fight by proposing tax cuts for wealthy
1 year, 6 months ago

'Tax scam': Republicans follow debt ceiling fight by proposing tax cuts for wealthy

Raw Story  

After threatening to force the government into default over the debt ceiling, Republican lawmakers Friday introduced new tax cuts that could add at least $21 billion to the national deficit over the next decade. Three new GOP-backed bills would cut taxes for large companies, small businesses, and individual families while reducing clean energy tax incentives to pay for it. "This …

As IRS funding shrinks, California’s wealthiest can breathe a bit easier
1 year, 6 months ago

As IRS funding shrinks, California’s wealthiest can breathe a bit easier

LA Times  

California millionaires and billionaires who were set to face the full auditing firepower of a revamped Internal Revenue Service can breathe a bit easier, thanks to congressional Republicans. “More aggressive IRS enforcement would increase taxpayer costs, as they would invest more time and energy defending themselves.” Americans already spend some $14.4 billion per year on tax-preparation services alone, according to …

Minnesota Legislature adjourns after passing $72B budget; Democrats celebrate as GOP hits tax hikes
1 year, 7 months ago

Minnesota Legislature adjourns after passing $72B budget; Democrats celebrate as GOP hits tax hikes

Associated Press  

ST. PAUL, Minn. — The Minnesota Legislature put the final touches on a $72 billion state budget and adjourned for the year Monday night as Democrats celebrated enacting an ambitious agenda that ranged from protecting abortion rights, to providing more resources for education, to legalizing marijuana. The big tax bill of the session, which cleared its final test Sunday evening, …

Republican debt cap plan to cut US jobs, slow growth: Economist
1 year, 7 months ago

Republican debt cap plan to cut US jobs, slow growth: Economist

Al Jazeera  

A Republican plan to cut federal spending in exchange for lifting the United States government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist told a Senate committee on Thursday. Mark Zandi told the Senate Budget Committee that US GDP growth would be 1.61 percent in 2024 if the …

Editorial: House Republicans want to balance the budget on the backs of America’s kids
1 year, 7 months ago

Editorial: House Republicans want to balance the budget on the backs of America’s kids

LA Times  

The budget spearheaded by House Speaker Kevin McCarthy simply calls for 22% in funding cuts without considering what students need. Republicans propose slashing funding for critical education programming that would affect low-income students, students with disabilities and students who need mental health support. In contrast, the Department of Education says that Biden’s $6.9-trillion budget proposal would add funding to low-income …

As GOP targets food aid, House Dems remind McCarthy of $1.9 trillion in Trump tax cuts
1 year, 7 months ago

As GOP targets food aid, House Dems remind McCarthy of $1.9 trillion in Trump tax cuts

Raw Story  

Before House Speaker Kevin McCarthy opened debate Wednesday on a bill that would raise the nation's debt ceiling while gutting social programs and imposing more barriers to access them, nearly 200 House Democrats from across the ideological spectrum signed a letter imploring Republican deficit hawks to drop their demands and pass a clean hike. Last week, McCarthy unveiled the so-called …

What’s in US House Speaker Kevin McCarthy’s debt-limit package?
1 year, 8 months ago

What’s in US House Speaker Kevin McCarthy’s debt-limit package?

Al Jazeera  

The Republican leader has introduced a proposal to slash government spending along with increasing the federal debt limit. United States House of Representatives Speaker Kevin McCarthy has unveiled a bill that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Here is a summary of what was released on Wednesday: Debt ceiling …

Column: Biden’s budget was an opening bid. Where’s the Republican plan?
1 year, 9 months ago

Column: Biden’s budget was an opening bid. Where’s the Republican plan?

LA Times  

House Speaker Kevin McCarthy needs to counter President Biden’s budget with a realistic GOP spending plan — or risk a catastrophic default on the federal debt. Republicans have said they won’t raise it unless they get deep spending cuts in return — an ultimatum that risks touching off a catastrophic failure by the government to pay its bills. They’ve mostly …

Biden rolls out budget plan, challenges GOP to follow suit
1 year, 9 months ago

Biden rolls out budget plan, challenges GOP to follow suit

Associated Press  

PHILADELPHIA — As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday made an opening bid with a budget plan that would cut deficits by $2.9 trillion over the next decade — a proposal that Republicans already intend to reject. “What are they going to cut?” Biden’s package of tax and spending priorities is unlikely …

Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Associated Press  

WASHINGTON — President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. Rohit Kumar, a former McConnell aide who is now an executive with the tax consultancy PwC, said Biden’s plan does matter “in terms of putting ideas out there.” He said that if Biden won a …

Biden to propose 25 percent minimum tax on US billionaires
1 year, 9 months ago

Biden to propose 25 percent minimum tax on US billionaires

Al Jazeera  

US president’s reported budget plan would also nearly double capital gains tax on investments. United States President Joe Biden will call on Congress to impose a 25 percent minimum tax on billionaires as part of a series of proposed tax hikes on wealthy individuals and corporations, according to a US media report. Biden’s proposed spending plan would also nearly double …

Biden sets up for an election fight with his budget proposal
1 year, 9 months ago

Biden sets up for an election fight with his budget proposal

Al Jazeera  

Biden’s proposal will face stiff opposition in Congress and has ‘little-to-no shot’ at becoming law, experts say. The White House refers to it as the “billionaire minimum income tax.” The budget includes a proposal to raise the corporate tax rate to 28 percent, higher than the current level but still below the 35 percent tax rate that prevailed before 2017 …

Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Firstpost  

Washington: President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official. The official familiar with Biden’s budget plan was not authorized to publicly discuss the matter before the president’s official announcement and spoke on condition of anonymity on Wednesday. The official said Biden also will propose cutting …

Biden budget aims to cut deficits nearly $3 trillion over 10 years
1 year, 9 months ago

Biden budget aims to cut deficits nearly $3 trillion over 10 years

LA Times  

Last month, the nonpartisan Congressional Budget Office estimated that the national debt held by the public will grow by more than $20 trillion over the next decade. President Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, the White House said Wednesday. Rohit Kumar, a former McConnell aide who is now an executive …

Joe Biden plans new taxes on the rich to help save Medicare
1 year, 9 months ago

Joe Biden plans new taxes on the rich to help save Medicare

Associated Press  

WASHINGTON — President Joe Biden on Tuesday proposed new taxes on the rich to help fund Medicare, saying the plan would help to extend the insurance program’s solvency by 25 years and provide a degree of middle-class stability to millions of older adults. He called Medicare a “rock-solid guarantee that Americans have counted on to be there for them when …

Joe Biden plans higher taxes on the rich to help fund Medicare: Report
1 year, 9 months ago

Joe Biden plans higher taxes on the rich to help fund Medicare: Report

Hindustan Times  

President Joe Biden on Tuesday proposed new taxes on the rich to help fund Medicare, saying the plan would help to extend the insurance program's solvency by 25 years and provide a degree of middle-class stability to millions of older adults. “The president’s plan would generate hundreds of billions of dollars – perhaps even approaching a trillion dollars – to …

Biden wants to tax people with large incomes to fund Medicare
1 year, 9 months ago

Biden wants to tax people with large incomes to fund Medicare

Firstpost  

Washington: U.S. President Joe Biden will propose raising the Medicare tax on high earners to help keep the federal insurance program solvent as part of his budget to be released on Thursday, the White House said. The tax increase is part of a package of proposals aimed at extending the solvency of the Medicare’s Hospital Insurance Trust Fund by at …

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