Page 3 - Eric Toder News Today

From the Richmond FedGovernments across the globe recently reached agreement in principle on measures to counter the tax avoidance strategies of multinational corporations-- this post authored by John Mullin

Janet Yellen says critics of Bidens tax hikes are asking the wrong question CNN 1 hr ago Analysis by John Harwood © Alex Wong/Getty Images WASHINGTON, DC - DECEMBER 13: Federal Reserve Chair Janet Yellen speaks during her last news conference in office December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. (Photo by Alex Wong/Getty Images) Doctors follow the Hippocratic oath: do no harm. The a...

By Naomi Jagoda - 04/11/21 06:49 PM EDT   The White House has sent mixed signals over its plans to raise taxes on the wealthy to pay for some of its policies, providing a lack of clarity about how President Biden The absence of details comes as Democrats are already debating privately how to pay for their programs, an issue when it comes to taxes that splits the party not only on philosophic lines but also on regional ones. Most Democrats support the idea of raising taxes on the wealthy an...

But what about the pass-throughs? 04/12/2021 10:00 AM EDT Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. LET’S TALK ABOUT THE NUMBERS: It’s been a key part of President Joe Biden’s argument for hiking taxes on corporations — current revenue col...

Yellen pushes for global minimum tax rate to create more level playing field Martha C. White © Provided by NBC News Higher corporate taxes are a key part of paying for President Joe Biden’s $2 trillion infrastructure package. In order to keep American multinational companies from being at a competitive disadvantage, the administration is lobbying for other countries to commit to a tax floor. In a speech to the Chicago Council on Global Affairs on Monday, Treasury Secretary J...

Maybe historians will look back on this as the year of Old Power. Think about it. Older people, who were some of the first in line for the vaccine shots, are now being celebrated as the leaders of the post-COVID social scene ... “Good news: I just got vaccinated!” tweeted Steve Martin. “Bad news: I got it because I’m 75.” Meanwhile, President Joe Biden, 78, is going like a house on fire. A few weeks ago Congress passed his $1.9 trillion COVID relief bill. Now he’s ...

Gail Collins: Questions about Joe Biden and his trillions What is infrastructure, anyway? And just what is a trillion? (Doug Mills | The New York Times) President Joe Biden speaks about the COVID-19 response and the state of vaccinations, from the South Court Auditorium of the Eisenhower Executive Office Building, on the White House grounds in Washington, Monday, March 29, 2021. Biden appeared in western Pennsylvania Wednesday, March 31, 2021, afternoon to unveil his $2 trillion infrastructure ...

Make the 2020s a Decade of Reform 21 min read Our two parties have each decided that the other is the countrys biggest problem, which makes it difficult to take up any other problems through the tools and institutions available to our system of government. The president who will take the oath of office in January 2021 will face some enormous governing challenges. Some are practical and obvious. Our country will be about a year into its confrontation with the global COVID-19 ...

2020 was obviously an epoch-making year for economies everywhere and these historic shifts are fully reflected in the web pages of BRINK.  In all, we published 130 articles on the status of the economy in 2020 — some on global tectonic shifts, but many pieces looking at what was going on in individual countries, as varied as Chile, Vietnam, India, Saudi Africa, Japan and Germany. Optimism at the Beginning The year began with a sense of confidence about the general direction of things. On Jan...