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Opinion: Tax policies should bring about the common good

Former lawmaker, councilor and state official: Without adequate taxation, public goods wither and die while the surplus private resources multiply. ....

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Biden's tax hike proposal to face tough battle in Congress | Hellenic Shipping News Worldwide

Biden’s tax hike proposal to face tough battle in Congress
U.S. President Joe Biden’s 4-trillion-U.S.-dollar spending plans may be a tough sell in Congress, as tax hikes proposed to offset the cost have prompted backlash from Republican lawmakers, and even raised eyebrows among moderate Democrats.
Biden unveiled a 1.8-trillion-dollar spending proposal for childcare and education on Wednesday night, when addressing a joint session of Congress, just weeks after putting forward a 2.3-trillion-dollar infrastructure plan.
Urging corporate America and the wealthiest 1 percent of Americans to “pay their fair share,” Biden said his tax policies, which include raising the corporate rate (from 21 percent to 28 percent), the top personal income tax rate (from 37 percent to 39.6 percent) and the capital gains rate (from 20 percent to 39.6 percent for households earning 1 million dollars or more), will help pay for what he proposed to spend in 15 years. ....

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Economic Watch: Biden's tax hike proposal to face tough battle in Congress - World News

2021-05-03 07:36:14 GMT2021-05-03 15:36:14(Beijing Time) Xinhua English
WASHINGTON, May 2 (Xinhua) U.S. President Joe Biden s 4-trillion-U.S.-dollar spending plans may be a tough sell in Congress, as tax hikes proposed to offset the cost have prompted backlash from Republican lawmakers, and even raised eyebrows among moderate Democrats.
Biden unveiled a 1.8-trillion-dollar spending proposal for childcare and education on Wednesday night, when addressing a joint session of Congress, just weeks after putting forward a 2.3-trillion-dollar infrastructure plan.
Urging corporate America and the wealthiest 1 percent of Americans to pay their fair share, Biden said his tax policies, which include raising the corporate rate (from 21 percent to 28 percent), the top personal income tax rate (from 37 percent to 39.6 percent) and the capital gains rate (from 20 percent to 39.6 percent for households earning 1 million dollars or more), will help pay for what he proposed t ....

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Biden to unveil 1.8-trln-USD spending plan on childcare, education

1
2021-04-29 08:25:43Xinhua
Editor : Li Yan
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U.S. President Joe Biden is set to unveil a 1.8-trillion-U.S.-dollar spending plan focusing on childcare and education later Wednesday, just a few weeks after proposing a 2-trillion-dollar infrastructure plan.
Biden will pitch the new spending plan before a joint session of Congress Wednesday night, as he approaches the 100-day mark of his presidency.
The proposal would include about 1 trillion dollars in investments and 800 billion dollars in tax credits over a decade, and will be fully paid for over 15 years in part by increased tax for wealthiest Americans, according to a fact sheet released by the White House Wednesday morning. ....

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World Insights: Massive relief package to go into effect after weeks of partisan fighting - World News

2021-03-13 07:35:54 GMT2021-03-13 15:35:54(Beijing Time) Xinhua English
　　Photo taken on March 11, 2021 shows the White House in Washington, D.C., the United States. (Xinhua/Liu Jie)
WASHINGTON, March 12 (Xinhua) The newly passed 1.9-trillion-U.S.-dollar relief package is about to go into effect, with some Americans expected to get the direct payments as soon as this weekend.
The measure, the first legislative victory for President Joe Biden, came after weeks of partisan fighting in the Congress, a process that marked the opposite of what Biden called for in his inaugural address: unity.
NOT A SINGLE REPUBLICAN VOTE
In his remarks on Friday afternoon, Biden said the bill was supported overwhelmingly by the American people Democrats, independents, and Republicans and gained strong support of governors and mayors across the country in both parties. ....

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