Republican bill to modernize infrastructure regulation will spur job creation msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
(The Center Square) – Newly released economic data show the economy is experiencing accelerated growth, potentially signaling a rebound from the economic downturn caused by the pandemic, but critics warn
Economy bounces back, but proposed tax hikes raise concerns djournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from djournal.com Daily Mail and Mail on Sunday newspapers.
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By Richard Rubin WASHINGTON President Biden plans to propose an $80 billion funding boost for the Internal Revenue Service over the next decade, a major expansion of the tax agency that would double its enforcement staffing and give it new tools to combat tax dodging by the wealthiest Americans. The administration projects that its plan would generate about $700 billion over 10 years in net revenue, according to people familiar with the plan, who described it ahead of the official announcement. They said that increase, which would yield money for Mr. Biden s proposed expansion of social-spending programs, would still represent only about 10% of the taxes that are estimated to be owed but uncollected.
The Political Consequences Of Tax Migration
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It’s happening, but it doesn’t matter (data from the IRS suggests it actually is significant).
It’s happening, but high-tax states will be better off without these selfish and greedy people.
The folks making the third point actually have a decent argument, at least in terms of short-run political outcomes. Democrats rarely have to worry about retaining control of states like California, New York, Illinois, and New Jersey now that many Republican-leaning voters have moved away.
As you can see, there’s a continuing shift of political power – as measured by seats in Congress – from blue states to red states.