Top Republicans on Wednesday told President Joe Biden in the Oval Office that they will not support tax increases in a major infrastructure package. Biden, a Democrat, has proposed reversing key portions of the 2017 tax bill the GOP passed, and that then-President Donald Trump signed. “We’re not interested in reopening the 2017 tax bill….
Republicans Reject Tax Increases After Meeting With Biden on Infrastructure
House GOP Leader: Biden Infrastructure Plan Will Bring Inflation ‘Tax’ to Lower-Earning Families
House Minority Leader Kevin McCarthy (R-Calif.) said that President Joe Biden’s infrastructure proposals would create significant inflation, which would thereby act as a “tax” for people who make less than $400,000. Biden and his deputies have said they would not raise taxes on people making less than $400,000 per year. However, due to the sheer…
Biden Tries to Rally Support in Georgia for $4 Trillion In Spending Plans, Paid for By Tax Hikes
President Joe Biden spoke at a drive-in rally in Georgia on Thursday, seeking to build public support for $4 trillion in new spending on infrastructure and a vast expansion of the federal social safety net, to be paid for chiefly by tax hikes on corporations and wealthy Americans. Moments after Biden took to the stage…
Tax Hike in New Proposal Only for Couples Making More Than $509,000: White House
President Joe Biden’s proposal to increase taxes to pay for school for some would affect couples making more than $509,299 according to a White House official. “Consistent with the President’s campaign proposal, we are proposing to reverse the tax cut for the top bracket by returning that top tax bracket to what it would’ve been under pre-2017…
Video: How Business and Politics Cooperate in Corrupt Tax Policies—Interview With Wendy Damron
The Biden administration is looking to roll back former President Donald Trump’s tax reforms, while also putting into place new tax programs—including against businesses—with the new corporate tax. To learn more about this, and how these programs could affect American taxpayers, we sat down for an interview with Wendy Damron, External Relations Manager at Citizens…
Deep Dive (March 31): $2 Trillion Infrastructure Package Includes Massive Tax Hikes
President Joe Biden unveils his infrastructure package. But the price tag, numbering in the trillions, is sparking controversy on Capitol Hill. Many are voicing concerns about the tax hike, and its potential effects on the economy. While the U.S. Commerce Department has been vocal in their support of the infrastructure plan, they call the proposal…
Climate Change Reality Check
Commentary I have problems with the foundational assumptions for the recent ruling on the Greenhouse Gas Pollution Pricing Act from the Supreme Court of Canada. Chief Justice Richard Wagner said this in his decision: “There is also a broad consensus among expert international bodies that carbon pricing is a critical measure for the reduction of…
NTD Business Full Broadcast (Mar. 24)
Some Republicans sound the alarm on the Democrats’ new infrastructure bill. NTD hears from one lawmaker who tells us you can’t tax your way to prosperity. A massive ship blocks the Suez Canal, one of the most important waterways in the world. How will it impact global shipping? And Intel expands its chip-making capacity. Its…
Victoria Bracing for the Economic Impact After Second Coal Plant Announces Closure
March 19, 2021
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The Victorian government will launch an inquiry into the early closure of the Yallourn coal-fired power station in the Latrobe Valley after state MP Melina Bath called for a report (pdf) into the economic impact of the power station’s shutdown. EnergyAustralia, the owner of Yallourn Power Station, originally announced the facility would close in 2032—but on…
Victoria Becomes First Australian State to Introduce ‘Modest’ Electric Vehicle Tax
The Victorian Labor government is set to become the first Australian state to introduce a new tax on electric vehicles. The proposal has prompted criticism from industry groups, the Greens, and the opposition, who say it’s yet another tax imposed on Victorians. Under the proposed bill introduced by the Victorian Labor government in state Parliament…
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