He's on a roll with the passage of the stimulus package.... But THAT sent money to millions of Americans.... This new package will not get thru Congress looking like what is presented today.... (But it IS a good politics for Biden , who is doing VERY well with a majority … [Read more...] about President Biden’s Next….$1.8 Trillion “American Families Plan”….
Taxes
Biden wants to give the IRS $80 Billion to go after the rich….
This is gonna be a reverse of Republicans efforts to starve the tax collecting agency of its ability to collect taxes after it went after Conservative non-profits back a decade or so before.... Biden will get little support on this from Republicans … [Read more...] about Biden wants to give the IRS $80 Billion to go after the rich….
Stimulus Check ‘s = Tax cuts for low and middle Income people?
That is what Politico is saying.... As Democrats seek to sell they are lowering taxes for lower and middle class Americans and raising taxes for the rich in his upcoming Health and Infrastructure Bill's .... Some of us who did NOT make anything close to $400,000 a year and … [Read more...] about Stimulus Check ‘s = Tax cuts for low and middle Income people?
Biden is courting the Business/Corporate world…
Senator's Sanders and Warren may see big business as the enemy.... Joe Biden and Company do not.... Building on the Capitol 6 protests and Voting Rights? The Biden admin is trying make pathways to help government and business handle a vast increase in money going to help … [Read more...] about Biden is courting the Business/Corporate world…
New York House members want the State/Local Tax Deduction Back…
They are saying they will not vote for a House infrastructure bill that does not get rid of the limit Republicans imposed on the deduction's in the 2017 tax bill.... ....Dozens of Democrats have said they won’t support Biden’s proposed changes to the tax code without restoring … [Read more...] about New York House members want the State/Local Tax Deduction Back…
Biden says ‘Let’s talk ‘ to Republicans….
One gets the impression that this second Biden Infrastructure Bill for Two Trillion Dollar's is gonna be a LOT more messy to get over the finish line.... Biden's NOT gonna do a wealth tax... Biden's gonna tax the rich? Democrats don't have worry about the … [Read more...] about Biden says ‘Let’s talk ‘ to Republicans….
Democrats discus Biden infrastructure tax options…
While President Biden will p0only need a simple majority in the House and Senate to pass his planned bill.... Some Democrats are uneasy with the talk of raising taxes to pay for some of the YUGE spending that would come with the double phased program... Republicans are … [Read more...] about Democrats discus Biden infrastructure tax options…
IRS: Masks, sanitizer bought to fight COVID-19 can be deducted from taxes
...from The Hill.... The IRS said Friday that taxpayers can deduct the costs of purchasing personal protective equipment (PPE) meant to prevent the spread of COVID-19 from their taxes. In a Friday announcement, the IRS said that taxpayers who’ve spent at least 7.5 percent … [Read more...] about IRS: Masks, sanitizer bought to fight COVID-19 can be deducted from taxes