A trio of freshmen congressmen introduced a House resolution opposing a national sales tax saying it would hurt working Americans who are already struggling financially. Reps. Eric Sorensen (D-Ill.), Wiley Nickel (D-N.C.), and Brittany Pettersen (D-Colo.) announced the resolution on March 8, saying they instead favor a tax cut to benefit the middle class. “A…
National Sales Tax Will Hurt Struggling Americans: Democratic Congressmen
Biden Proposal Would Extend Medicare Solvency by 25 Years Through Tax Increase on High Earners
The Medicare Trust Fund will last 25 years longer with lower costs to beneficiaries if President Joe Biden’s proposed budget is adopted, the White House announced on March 7. The statement came two days before the scheduled release of Biden’s full budget proposal and amidst a partisan debate over raising the nation’s debt ceiling, during…
Government Interest Payments Will Cost Taxpayers More Than $1,300 per Person in 2022–23: Study
Canadian taxpayers will contribute more than $1,300 per person toward government interest payments for federal and provincial debts in the next year, for a total of $68.6 billion, according to a new study. On Feb. 2, the Fraser Institute, a public policy think tank, calculated Canada’s combined federal and provincial interest costs per person for…
More Tax Increases Hit California
November 18, 2022
admin
CaliforniaLocal NewsNorthern CaliforniaOpinionRegional-Local NewsSouthern Californiatax increasesUSViewpoints
0 Comment
Commentary Taxifornia earned its nickname again on Nov. 8. The most taxed state in the country passed even more taxes. At least Proposition 30 lost. It would have increased taxes on the wealthy and generated up to $5 billion per year, with the top income tax rate rising to 15.05 percent from the current 13.3…
Freeland Says Conservatives Are ‘Huffing and Puffing’ on Affordability Issue
Conservatives have maintained the pressure on the Liberals over the cost of living this week, tabling two motions calling for cancelling tax increases, but Deputy Prime Minister Chrystia Freeland said they’re merely “huffing and puffing” as they’ve said they’ll support the government’s proposed GST rebate. “When you look past all the huffing and puffing, all…
Tories Table New Motion to Prevent Tax Increases After Carbon Tax Motion Defeated
A day after their motion to stop the federal carbon tax from increasing in the new year was defeated, Tories tabled a new motion in the House of Commons to prevent any tax increases on other items. “Given that the cost of government is driving up inflation, making the price of goods Canadians buy and the…
Poilievre Tables New Motion to Prevent Tax Increases After Carbon Tax Motion Defeated
A day after his motion to stop the federal carbon tax from increasing in the new year was defeated, Conservative leader Pierre Poilievre has sponsored a new motion in the House of Commons to prevent any tax increases on “gas, groceries, home heating, and pay cheques.” “Given that the cost of government is driving up…
Poilievre Pushes for Tax Hike Cancellations During First Question Period as Leader
Pierre Poilievre pushed for cancellations of the Liberals’ carbon tax increases and Canada Pension Plan contribution hikes today during his first House of Commons question period as leader of the Conservative party. “Housing prices have doubled. Grocery prices are at their highest inflation rate in 40 years. Canadians just aren’t able to pay. Will the…
Tax Increases to Outweigh Benefits of Biden Infrastructure Plan, Warn Experts
WASHINGTON—President Joe Biden unveiled his ambitious infrastructure package, which proposes substantial tax increases on U.S. corporations to pay for the $2 trillion price tag. Experts say, the economic harm from an increase in corporate taxes, however, will offset the benefits created by the infrastructure investment, raising skepticism about the plan. Biden described his proposal as…
Tax Increases to Outweigh Benefits of Biden Infrastructure Plan, Experts Warn
WASHINGTON—President Joe Biden has unveiled his ambitious infrastructure package, which proposes substantial tax increases on U.S. corporations to pay for the $2 trillion price tag. However, experts say the economic harm from an increase in corporate taxes will offset the benefits created by the infrastructure investment, raising skepticism about the plan. Biden described his proposal…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`