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The grand bargain was an attempted political compromise during the 2011 budget debates in the United States Congress.Lawmakers were under pressure to pass a budget before automatic spending cuts known as sequestration took effect on August 4, 2011.
IRS has collected more than $520M in back taxes from delinquent millionaires so far. ... pushed by President Joe Biden and approved in 2022, earmarked $80 billion over 10 years to step up the IRS ...
The three co-hosts and former Obama administration staffers, Jon Favreau, Tommy Vietor and Dan Pfeiffer, pointed to the party’s coddling of President Biden and his ambitions to run for re ...
Joe Biden revived the practice of making a weekly address in February 2021 in the form of “Weekly Conversations”, answering prepared questions or concerns from citizens. In July 2021, he stopped doing Weekly Conversations. As vice president, Biden made weekly addresses on behalf of Barack Obama during the Obama administration. [3]
No tax increases or other forms of increases in revenue above current law were included in the bill. [5] The bill directly specified $917 billion of cuts over 10 years in exchange for the initial debt limit increase of $900 billion. [5] This is the first installment ("tranche") of cuts. $21 billion of this will be applied in the FY2012 budget. [4]
Biden has also promised to extend any tax cuts for Americans making under $400,000 a year, which the Tax Foundation estimates would cost about $2.5 trillion over the next decade.
The younger Biden was at the time under federal criminal investigation for his tax matters and dealing with personal struggles. Morris became a confidant to Hunter Biden, lending him more than $2 million to cover family expenses and pay back taxes.
Taxpayers are eligible for automatic relief if they filed a Form 1040, 1041, 1120 series or Form 990-T tax return for years 2020 or 2021, owe less than $100,000 per year in back taxes, and ...