Democrats are questioning Biden’s plan to tax the rich
In April 2011, Barack Obama enlisted the help of billionaire investor Warren Buffett to try to convince Congress. imposed at least a 30 percent tax on Americans earning more than $ 1 billion a year. He was rejected by the walls of Republican opposition and skepticism of some moderate Democrats.
Ten years later, Joe Biden continues his own version of the mission with a plan to raise taxes paid even more aggressively to help fund more than $ 1.5 million in health and education.
Tax lobbyists have warned that the Democratic president of the United States will go up another slope, putting the plan in jeopardy for the legislature to fight him in the coming years. There is likely to be an obstacle for Democrats in wealthy neighborhoods in the neighborhoods of New York, New Jersey, California and Illinois, above the predictable Republican opposition.
Democrats are among the doubters of Joe Biden s plan to tax the rich
28 Apr, 2021 01:47 AM
6 minutes to read
Joe Biden s plan is expected to contain a near-doubling of the tax rate on capital gains and dividends for people earning more than US$1 million. Photo / AP
Joe Biden s plan is expected to contain a near-doubling of the tax rate on capital gains and dividends for people earning more than US$1 million. Photo / AP
Financial Times
By: James Politi, Lauren Fedor, Andrew Edgecliffe-Johnson and Michael Mackenzie In April 2011 Barack Obama invoked the support of Warren Buffett, the billionaire investor, to try to persuade Congress to impose a minimum 30 per cent tax on Americans earning more than US$1 million ($1.3m)
Campaign Finance Records Suggest An Easy Reelection Bid For Brian Schatz - Honolulu Civil Beat
Campaign Finance Records Suggest An Easy Reelection Bid For Brian Schatz
Hawaii Sen. Brian Schatz recently announced his 2022 reelection campaign. He already has more than $3 million in the bank for it. Reading time: 5 minutes.
WASHINGTON Brian Schatz will be back on the ballot in 2022 and he’s bringing with him buckets of cash.
Hawai’s senior U.S. senator had more than $3.3 million in the bank at the end of March, according to his latest campaign spending reports, and with no clear opponent from either party it looks like he won’t have to spend much of it to snag another six years in the Senate.
Hawaii’s Budget Relies on Federal Relief Funds to Avoid Cuts
Lawmakers expected to have to make drastic cuts and enact furloughs when the session began in January. But with the $1.35 billion bailout from federal relief funds, the Legislature could approve the $31.2 billion budget.
April 21, 2021 • (TNS) Key Senate and House members agreed on a $31.2 billion state budget Tuesday over the next two fiscal years that relies on $1.35 billion in federal COVID-19 relief funds and a resurging tourism economy to help avoid massive cuts, furloughs and even layoffs of state employees. Going into session, we were expecting the worst, House Speaker Scott Saiki told the Honolulu Star-Advertiser. We weren t expecting any federal bailout, and we were expecting to make drastic cuts in the state budget. There was a lot of uncertainty in January.
“Housing affordability and availability is one of the most serious challenges we face in Hawaiʻi,” noted
Denise Konan, dean of the College of Social Sciences and professor of economics. “It’s critical that we advance solutions best supported by evidence, so we’re pleased to be hosting this event to help sort through the best ideas for Hawaiʻi.”
The livestream event is open to the public. (Submit questions and register.)
The Better Tomorrow Speaker Series is a joint venture of
UH Mānoa, Hawaiʻi Community Foundation and Kamehameha Schools. Event sponsors include the
UH Mānoa College of Social Sciences, Scholars Strategy Network, UHERO,