Editorial Roundup: US
Last Updated Apr 29, 2021 at 12:28 pm EDT
Excerpts from recent editorials in the United States and abroad:
The Los Angeles Times on how Biden agenda makes up for decades of federal neglect:
Three times already in his brief tenure, President Biden has rolled out a far-reaching and extraordinarily expensive proposal to address large-scale problems in this country. First there was a $1.9-trillion plan to help individuals and businesses cope with the surging COVID-19 pandemic. Then there was a $2-trillion blueprint to build and repair American infrastructure, defined in unusually broad terms. Now comes a $1.8-trillion boost to programs that help American families, particularly those with low and moderate incomes.
Editorial Roundup: US
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Editorial Roundup: US
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Study Warns Massachusetts Tax Proposal Would Deter Investment, Stifling the “Innovation Economy”
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A state constitutional amendment promoted by the Massachusetts Teachers Association and the Service Employees International Union adding a 4 percent surtax to all annual income above $1 million could devastate innovative startups dependent on Boston’s financial services industry for funding, ultimately hampering the region’s recovery from the COVID-19 economic recession, according to a new study published by Pioneer Institute.
“The punitive aspect of the graduated income tax proposal for investors is that, unlike at the federal level, capital gains can push them into a higher tax bracket - a significant deterrent to potential investors in small businesses emerging from the COVID crisis.” - Greg Sullivan, Pioneer Institute