Biden blasted billionaires and corporations evading taxes in a push for Democrats' $3.5 trillion budget
in the wealth of the richest Americans during the pandemic and repeatedly said that billionaires and corporations should “pay their fair share” in taxes, adding that “ordinary hard-working Americans” have basically “been cut out of the deal.”Wednesday to move forward on a set of sweeping tax proposals included in the Democrats’ $3.5 trillion budget package, setting the stage for a floor vote in the next few weeks.
In their plan, Democrats proposed a slew of measures targeting high-income Americans, including hiking the top income tax rate to 39.6% from 37% for Americans making more than $400,000 per year andDemocrats also proposed raising the top capital gains tax rate from 20% to 25% and the corporate tax rate from 21% to 26.
in federal taxes last year. “If you can make a million or a billion dollars, that’s great, but all I ask is that you pay your fair share, and that’s not happening.”According to a report from the Treasury Department last week, the top 1% of taxpayers, ranked by income,to pay about $163 billion in taxes last year—making up about 28% of the nation's growing tax gap.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
3 Key Divides in Democrats’ Civil War Over the Biden AgendaThese three under-discussed, intra-Democratic divides threaten to derail the Biden presidency
Lire la suite »
Biden has 'great confidence' in Milley after secret actions in Trump's final monthsPres. Biden told ABC News Chief White House Correspondent CeciliaVega that he has 'great confidence' in Army Gen. Mark Milley after secret actions in Trump's final months in office.
Lire la suite »
Daily Caller-backed lawsuit, seeking Biden records, makes way to Delaware Supreme CourtOral arguments in the case on Wednesday revolved around the interpretation of the university's long-held exemption from most Freedom of Information Act requests.
Lire la suite »
Pope Francis Is Not a Fan of Conservative Effort to Deny Communion to Joe BidenAfter some oblique warnings, Francis is clearly telling telling conservative bishops to behave like pastors, not politicians.
Lire la suite »
Biden announces security pact with Australia, U.K.President Biden announces a security partnership with Australia and the U.K. as the administration ramps up efforts to counter China's rising power.
Lire la suite »