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President Biden laid out vast and expensive ambitions in his 2024 budget Thursday from shoring up Medicare and boosting spending across the federal government to reducing the deficit by nearly $3 ...
The White House released a statement in March 2024 that President Joe Biden proposed a 25% minimum tax on the unrealized gains of people who own $100 million or more in assets. Were this to ...
A back-and-forth between Joe Biden and Donald Trump Monday showed how Social Security is likely to be a front-burner issue in the 2024 campaign. Biden calls for tax hikes to shore up Social ...
Biden's proposed tax for the 2024 fiscal year sees an increase in tax rates for corporate, individual and capital gains income, which can result in negative returns thanks to inflation.
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.
While Biden proposed to move the long-term capital-gains tax rate to 39.6% for households with taxable income of more than $1 million, Harris says that's too high and has proposed raising it to 28 ...
Biden’s budget proposal also contains other tax increases on the wealthy, including raising the top marginal income tax rate to 39.6%, up from the 37% rate established by the 2017 Trump tax cuts ...
Biden's budget for the 2025 fiscal year that starts in October includes raising the corporate income tax rate to 28 from 21%, hiking rates on people making over $400,000, forcing those with wealth ...