Project 2025 tax project 2025 tax plan would cut taxes for households making more than 10 million a year. By an average of 2. 4 million a year. Which is great news, for the hyper wealthy. But what about for the rest of us . This is a visualization of the added tax burden for these middleclass married couples with two children under project 2025 tax plan. Families by that description that make anywhere between 35,000 a year and 175 a year would all see their taxes go up. A married couple making a collective 80,000 a year would see nearly 2000 more in federal taxes a year. The same is true for single americans. Every american making between 75 and 85,000 a year would see their taxes go up. There is a very good reason that donald trump claims to have nothing to do with project 2025 every time hes asked. Now, compare the nonsense in here to Vice President harriss tax proposal. At the core of the proposal is a continuation of the Biden Administration promise that no one making less than 400
It is tuesday, so i must be talking about, you guessed it, project 2025. Digging through this 900page tome is my work until election day. Then theres this other part, cutting taxes for corporations and the wealthiest among us. Now, today the progressive think tank, center for American Progress, released an analysis of what project 2025s tax plan would actuallys look like for Americas Bank accounts if trump enacted it. The top lines in this thing are amazing. According to the center for American Progress project 2025s tax plan would cut taxes for households making more than 10 million a year by an average of 2. 4 million a year, which is great news for the hyperwealthy, but what about for the rest of america . Check out this chart. This is a visualization of the added tax burdensu for a middle class a married couple with two c children under project 2025s tax plan. Under the plan families by that description that make anywhere between 35,000 a year and 170,000 a year would all see their
Until election day. I have read it to you do not have to. It has plans for every aspect of the federal government, mostly shrinking it except where it allows the government to control the lives of the citizens. And then there s this other part about cutting taxes for corporations and the wealthiest. Today center for american progress released an analysis of what project 2025 tax plan would actually look like for america s bank accounts it trump enacted it. Top lines are amazing. According to them, the tax plan would cut taxes for households making more than $10 million a year. By an average of $2. 4 million a year. That s great news for the hyper wealthy. What about the rest of america? this is a visualization of the added tax burden for a middle class a married couple with two children under plan. Families by that description that make $35,000 a year and $170,000 a year would all see taxes go up. For example a married couple making $80,000 a year would see nearly $2000 more in federal
And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ