Dems look to keep tax on billionaires in spending bill
This post was originally published on this siteTop Democrats said on Sunday they are eyeing a tax on billionaires to help fund the party’s multi-trillion dollar reconciliation bill, which lawmakers on Capitol Hill hope to advance this week.House Speaker Nancy Pelosi (D-Calif.)…
Biden, Democrats exploring new tax options after Sinema reportedly blocks rate hikes on corporations, the wealthy
Biden, Democrats exploring new tax options after Sinema reportedly blocks rate hikes on corporations, the wealthy
Report: Sinema Digs In Heels To Oppose Corporate Tax Hike While Blocking Reconciliation
This post was originally published on this site At least part of the standstill over Democrats’ $3.5 trillion reconciliation bill is still rooted in Sen. Kyrsten Sinema’s (D-AZ) refusal to up taxes on corporations and wealthy Americans, according to Insider.
Yellen says ‘confident’ US will implement global minimum tax
This post was originally published on this site US Treasury Secretary Janet Yellen said Sunday she was “confident” Congress would pass legislation to implement a global tax agreement in the United States enacting a minimum international tax on big corporations. The OECD-brokered deal, which sets a global tax of 15...
Recent White House study on taxes shows the wealthy pay a lower rate than everybody else
This post was originally published on this site A decade ago, in an essay for The New York Times, Warren Buffett disclosed that he had paid nearly $7 million in federal taxes in 2010. “That sounds like a lot of money,” he wrote. “But what I paid was only 17.4...
