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Biden's tax plan collides with GOP, SALT rebels

Biden’s tax plan collides with GOP, SALT rebels
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
April 26, 2021
4
MINS
President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality.
Biden’s “American Families Plan,” itself featuring the biggest expansion of federal support for lower-income and middle-class Americans in decades, will be offset by a series of tax increases on the wealthy, administration officials say. The president will unveil his program in a Wednesday night speech to Congress. ....

New York , United States , New Jersey , Al Iskandariyah , White House , District Of Columbia , West Virginia , Jimmy Carter , Donald Trump , Joe Biden , Pat Toomey , John Normand , Mikie Sherrill , Erin Sykes , Joe Manchin , Revenue Service , Jpmorgan Chase Co , Committee On Taxation , Nest Seekers International , President Joe Biden , Families Plan , Internal Revenue Service , Jobs Plan , President Donald Trump , Pennsylvania Republican , New Jersey Democrat ,

Analysis: Biden's 1970s-era tax plan collides with GOP and SALT rebels

Analysis: Biden s 1970s-era tax plan collides with GOP and SALT rebels
BLOOMBERG
Print
President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality.
Biden s American Families Plan, itself featuring the biggest expansion of federal support for lower-income and middle-class Americans in decades, will be offset by a series of tax increases on the wealthy, administration officials say. The president will unveil his program in a speech Wednesday night, April 28, to Congress. ....

New York , United States , New Jersey , Al Iskandariyah , White House , District Of Columbia , West Virginia , Pat Toomey , John Normand , Jimmy Carter , Mikie Sherrill , Erin Sykes , Joe Manchin , Joe Biden , Revenue Service , Jpmorgan Chase Co , Committee On Taxation , Nest Seekers International , President Joe Biden , Families Plan , Internal Revenue Service , Jobs Plan , Pennsylvania Republican , New Jersey Democrat , New York Jersey Connecticut , Joint Committee ,

Biden's 1970s-Era Taxes on Rich Collide With GOP and SALT Rebels

Biden’s 1970s-Era Taxes on Rich Collide With GOP and SALT Rebels
Bloomberg
3 hrs ago
Laura Davison
(Bloomberg) President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality.
Biden’s “American Families Plan,” itself featuring the biggest expansion of federal support for lower-income and middle-class Americans in decades, will be offset by a series of tax increases on the wealthy, administration officials say. The president will unveil his program in a Wednesday night speech to Congress. ....

New York , United States , New Jersey , Al Iskandariyah , White House , District Of Columbia , West Virginia , Jimmy Carter , Donald Trump , Joe Biden , Pat Toomey , John Normand , Mikie Sherrill , Erin Sykes , Joe Manchin , Revenue Service , Jpmorgan Chase Co , Committee On Taxation , Nest Seekers International , Families Plan , Bloomberg Capital Pains , Internal Revenue Service , Jobs Plan , President Donald Trump , Pennsylvania Republican , West Virginia Senator Joe Manchin ,

Biden's 1970s-Era Tax Plan Collides With GOP and SALT Rebels

President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality. ....

New York , United States , New Jersey , Al Iskandariyah , White House , District Of Columbia , West Virginia , Pat Toomey , John Normand , Mikie Sherrill , Jimmy Carter , Erin Sykes , Joe Manchin , Joe Biden , Revenue Service , Jpmorgan Chase Co , Committee On Taxation , Nest Seekers International , Families Plan , Bloomberg Capital Pains , Internal Revenue Service , Jobs Plan , Pennsylvania Republican , West Virginia Senator Joe Manchin , New Jersey Democrat , New York Jersey Connecticut ,

Biden's 1970s-Era Tax Plan Collides With GOP and SALT Rebels

Biden's 1970s-Era Tax Plan Collides With GOP and SALT Rebels
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New York , United States , New Jersey , Al Iskandariyah , White House , District Of Columbia , West Virginia , Jimmy Carter , Joe Biden , Gregory Korte , Pat Toomey , John Normand , Mikie Sherrill , Erin Sykes , Joe Manchin , Revenue Service , Jpmorgan Chase Co , Committee On Taxation , Nest Seekers International , Families Plan , Internal Revenue Service , Jobs Plan , Pennsylvania Republican , West Virginia Senator Joe Manchin , New Jersey Democrat , New York Jersey Connecticut ,