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U.S. President Joe Biden vowed Thursday to raise taxes on wealthy Americans and large companies, announcing plans in his State of the Union address to hike corporate minimum taxes and cut ...
President Joe Biden campaigned ... to raise the maximum taxable amount from 50% to 85% — Biden’s detractors have claimed that he cast the deciding vote. While Biden did vote for the tax, Vice ...
Joe Biden and first lady Jill Biden had a federal tax bill of $146,629 for 2023, the White House announced in a statement Monday. Vice President Kamala Harris and her husband, Doug Emhoff, paid ...
Biden has proposed raising the top tax rate to 39.6%, the corporate tax rate to 28% and the stock buyback tax to 4%. Biden proposed a "Billionaire Minimum Income Tax" that would target one-hundredth of 1% of Americans (roughly 700 billionaires) that would raise over $361 billion over 10 years by ensuring the wealthy pay a minimum tax rate of 20%.
Biden wants to sharply raise taxes on corporations and high earners in his second four-year term, the document showed, to help cut the federal deficit and pay for new programs to assist those who ...
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
President Joe Biden during an addresse the International Association of Fire Fighters Legislative Conference in Washington on March 6. ... Biden wants to raise the corporate income tax rate to 28% ...
Former Biden administration staffers Natasha Sarin and Mark Mazur found that the Act's investment in IRS tax collection would have increased revenues by $560 billion over 10 years before the Fiscal Responsibility Act's changes, and would increase revenues by $280 billion after them instead, though both findings were still much more than the CBO ...