trillion over the next decade. so equipping the irs with the funding they need to high income individuals and corporations, that s something that doesn t cost money. it nets money substantially for the federal government. so it and, you know, of course, there are revenue proposals that we think make the tax code fair. let s end with a phrase that i talked to you about at the beginning and that is this idea of extraordinary measures. is the 14th amendment fall under the category of extraordinary measures? well, extraordinary measures is used in a different way, but there hasn t been much discussion of the 14th amendment. and as president biden said, i believe this morning, it doesn t seem like something that could be appropriately used in these
it moves that debt ceiling crisis day, if you will, that much closer. the original rationale for that pause for student loan repayment was the public health emergency. that has ended. so the president s policies are actively making the situation worse. the idea that we can t do anything is just a little bit kind of like when you say we can t do anything, what about increasing taxes on the wealthy and corporations? you know, i m struck that the president, of course, always it s his go-to, $4.5 billion. the argument it s also going to have a negative effect on gdp. i ll just say that. but let s put up with something which is reasonable. the president s got $4.5 trillion in taxes bill, you re criticizing the president s revenue proposals, but we need to get into those discussions. i m with you on that. just don t do it holding our country hostage with a default on our debt, that s ridiculous. this seems to be one of the
On March 9, 2023, the U.S. Department of Treasury released the Greenbook (formally known as the General Explanation of the Administration’s Revenue…
The Congress of South African Trade Unions (COSATU) presented its submission on the 2023/4 Budget's Fiscal Framework and Revenue Proposals to Parliament’s Standing and Select Committees on Finance’s hearings. COSATU is deeply worried that the Budget is tepid and insufficiently bold to stimulate an economy still struggling to emerge from a devastating recession and a global pandemic; reduce a dangerously high unemployment rate of 42.6%; and rebuild a state weakened by a decade of state capture, corruption and reckless austerity budget cuts. Whilst it is important to ensure that public debt is placed on a sustainable trajectory, this cannot be at the expense of growing the economy and rebuilding the public services that society depends upon.
sense what kind of relief it could provide? and is there any climate change provisions being discussed? this is the big jump ball. and joe manchin, if he wants energy provision, wants some for conventional energy, west virginia, a coal state, and so this is one of the sort of things that is up in the air, and yes, that is one of the things that joe biden is talking about there being in. there he has been hinting at this, john, sort of pulling back the curt an bit and saying he thinks they now have the votes. it is tough to transition, remember, to reduce the deficit, which they want to happen so they can say it is fighting inflation, among other things, he needs to raise revenue and the other senator, kyrsten sinema of arizona, has been sort of a thorn in the side of the biden administration, has been cooler to some of the revenue proposals. so man chip on the one side on energy, getting his bite, and one thing, and then paying for it all, cutting that deaf sit on the other side, the