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    Bills passed during Colorado’s 2021 legislative session could result in up to a $617 million a year increase in taxes and fees depending on revenue estimates, according to a think tank analysis. The libertarian-leaning Independence Institute noted that the increases come without voter consent under the state’s Taxpayer’s Bill of Rights (TABOR), which requires voter approval for all tax increases....
    Ninety-eight percent of the more than 2 million farms and ranches in the United States are family farms. These family farms produce 86% of the value of the food, fiber and renewable fuels that power the U.S. economy and help address food insecurity around the world. Everyone agrees that when U.S. farmers succeed, America succeeds.  Why then are the hardworking...
    On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Shelley Moore Capito (R-WV) stated that during negotiations over an infrastructure package, “we offered the president basically what he asked us to do the first time we met with him, which was a trillion dollars over eight years, including baseline spending.” And that despite Republicans drawing a red line on...
    By Andrew Taylor | Associated Press WASHINGTON — President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans. Biden had already announced his major budget initiatives, but during a rollout Friday he...
    The White House rejected Senate Republicans’ second infrastructure proposal, demanding tax increases and additional items.  The White House proposal that costs $1.7 trillion with massive tax increases. Senate Republicans countered at $928 billion over eight years without tax increases earlier on Thursday, partially paid for by using unspent coronavirus relief money. [email protected] responds to GOP infrastructure counter offer. She says "we...
    More than two dozen business groups have formed a coalition to fight future tax hikes proposed by Democrats and President Joe Biden, CNBC reported. The coalition, titled “America’s Job Creators for a Strong Recovery,” is made up of 28 organizations that argue additional tax increases will punish those that create jobs and, therefore, hurt the ongoing economic recovery, according to...
    Most Americans want to fund federal investment plans by taxing the rich and corporations. The American public widely supports President Joe Biden's proposals to raise taxes on the very rich and big businesses to fund investment in families and infrastructure. But the business community is lobbying hard to derail the...
    (CNN)President Joe Biden's steadfast belief in taxing corporations and the rich has become a central plank in his legislative agenda, even as he's warned of political peril and red lines from Republicans. GOP senators, some of whom Biden will host in the Oval Office on Thursday as he seeks a bipartisan infrastructure deal, have rejected them outright. Some Democrats, cognizant...
    Texas Republicans are advancing legislation to increase taxes at a time when the state is reporting a $725 million budget surplus and is slated to receive $17 billion in federal pandemic relief funding. House Bill 2889 would increase taxes on Texans who purchase travel services through websites like Expedia or Hotwire. It also would have a “negative downstream effect...
    Georgia Gov. Brian Kemp (R) is providing relief to those in the state filling up their gas tanks after a cyberattack crippled one of the largest gas pipelines in the U.S. Kemp told reporters Tuesday that he signed an executive order halting the collection of state taxes on car fuel and diesel through Saturday night. Kemp’s executive order also impacts...
    Washington (CNN)In the past, Republicans have typically fought the Democrats over concerns spending proposals would expand the deficit and the continually growing national debt. Having weathered those critiques during the Obama years, President Joe Biden's proposals to revitalize the US economy seem designed to circumvent that line of attack, as he claims they won't increase the deficit. According to Biden,...
    President Joe Biden made the most of a political opportunity Wednesday to twist the knife a little deeper into the heart of the rupture currently roiling the Republican Party. Asked what it means for Republicans to be ousting Rep. Liz Cheney of Wyoming from a leadership post for telling the truth about the 2020 election, Biden marveled at the spectacle. "I've...
                        Responding to Democrats’ proposed tax increases, U.S. Rep. Buddy Carter (R-GA-01) this week pitched what he said was a better way for the federal government to generate money, and he referred to it as the FairTax. Carter proposed the FairTax in an emailed newsletter to his constituents. “As...
    Tax Foundation president Scott Hodge told "Your World" Tuesday the tax increases President Biden is proposing would lead to a "smaller economy that is less competitive globally" because he's trying to pay for his infrastructure and spending programs with the "most harmful taxes possible." SCOTT HODGE: She [Jen Psaki] says, "Oh, I don't know how many people that [tax increase] would affect." Quite a few. We're talking about our privately...
    Reuters May 2, 2021 0 Comments U.S. Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over a decade. “It’s spread out quite evenly over eight to 10 years,” Yellen, former Federal Reserve chair, said in an interview with...
    Treasury Secretary Janet YellenJanet Louise YellenSunday shows preview: Biden hits the road to promote infrastructure proposals; US begins withdrawal from Afghanistan Inflationary pressures and inflation are not the same Pandemic casts shadow over Biden's first address to Congress MORE argued in an interview published Sunday that those who question whether any hikes to the corporate tax rate or tax rates paid...
    President Biden’s unhinged tax plan would crush Nevada’s economic recovery, and it is shameful that Nevada Gov. Steve Sisolak (D) refuses to take a stand and fight this absolutely unsustainable and harmful liberal policy proposal. How much more can Nevadans take? Gov. Sisolak’s mismanagement of our economy has given Nevada the second highest unemployment rate in America, prices for gas...
    A Monmouth University poll reported Thursday 52 percent of Americans support the Senate filibuster when used to block tax increases. The polls asked whether the filibuster should be used to block “tax rate change” legislation. In this instance, the majority of Americans support the filibuster. The poll’s margin of error is +/- 3.5 percentage points and was conducted by telephone from April...
    Image by Marie LaFauci | Moment | Getty Images Any possible tax changes for ultra-high-net-worth and high-net-worth investors could result in an increased tax burden.  That means there's motivation to find ways to protect that wealth. Some solutions that reduce exposure to specific anticipated Biden tax increases involve making charitable donations — a plus for the charitably inclined. Among these vehicles are...
    This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today. Prince William County residents have a lot of thoughts, and they’re not shy about sharing them. During a meeting Tuesday, 38 people spoke at a hearing before the Board of County Supervisors on the proposed budget and tax rates...
    On Friday’s “PBS NewsHour,” New York Times columnist David Brooks predicted that President Joe Biden’s infrastructure package won’t be paid for since Democrats will keep all the spending in the bill, but will compromise on the tax increases in the plan. Brooks stated, “I think the Democrats will get what they want on spending, and then they’ll compromise on tax increases. And...
    When President Biden released his plan for a $2 trillion infrastructure package, some noted the relative dearth of provisions that actually affected infrastructure — just under 7 percent of the bill’s $2 trillion in funding goes towards roads and bridges. Now, Democrats appear to be seeing how completely they can rewrite the English language, trying to redefine traditional progressive hobby...
    New York Gov. Andrew Cuomo said Wednesday that the tax increases implemented on its high-end earners through the budget will be offset – and then some – when Congress restores the state-and-local tax deductions on federal taxes. Those deductions, better known as SALT, were limited to $10,000 as part of a tax reform plan passed by the Trump administration and...
    Council of Economic Advisers Chair Cecilia Rouse on Sunday said the president is proposing corporate tax increases because it's the "right thing to do." CBS's "Face the Nation" anchor Margaret Brennan pressed Rouse about Biden's proposal to increase the corporate tax rate from 21% to 28% or potentially higher after Rouse said Biden's $2 trillion spending plan is "good for the economy." BIDEN'S...
    After President Biden Wednesday unveiled the first phase of his two-part infrastructure plan, House Speaker Nancy Pelosi quickly praised the $2 trillion package as "a visionary, once-in-a-century investment in the American people and in America’s future.” Naturally, anything that good is bound to attract adamant opposition from the Republicans, the party of "this is why we can't have nice things." Senate...
    Top GOP figures launched a new group to fight back against proposed tax hikes under President Biden and pressure politicians to vote against his anticipated $3 trillion infrastructure plan. The Coalition to Protect American Workers officially launched its website Tuesday and is designed to fight back against proposed tax increases on businesses.  "This is not the time for unnecessary tax...
    Jack Davis, The Western Journal March 30, 2021 0 Comments Corporations will be front and center as President Joe Biden seeks to raise taxes, according to a new report. According to Axios, Biden will focus on four major tax increases as he looks for ways to fund infrastructure and social welfare programming. Collectively, the major areas would provide $1.8...
    The chief of staff to former Vice President Mike PenceMichael (Mike) Richard Pence'SNL' mocks Biden trip on Air Force One stairs Michigan GOP leader mentions 'assassination' in response to question about anti-Trump Republicans Trump says Capitol rioters posed 'zero threat' MORE is among the Republicans forming a campaign against President BidenJoe BidenThe Hill's Morning Report - Biden officials brace for...
    Job Creators CEO Alfredo Ortiz said Monday on Fox News Channel’s “America Reports” that President Joe Biden was planning to increase taxes on small business. Ortiz said, “Tax increases on small businesses are coming if Joe Biden gets his way and his tax plan goes through. Peter just reported on all spending, well, something has to pay for it, and that something are tax...
    WASHINGTON (AP) — President Joe Biden is aiming for summer passage of his sweeping $4 trillion infrastructure plan, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said Monday. The president will announce parts of his “Build Back Better” package Wednesday in Pittsburgh....
    Bloomberg Biden to reveal big spending plan with tough battle ahead (Bloomberg) – US President Joe Biden will reveal this week the scope and ambitions of his plans to expand and reorient government, setting the stage for a bitter fight on Capitol Hill that could define his presidency. on Wednesday in Pittsburgh the framework for a major infrastructure and jobs...
    Oregon's beer and wine costs could soar by as much as 2,800% and 1,700% respectively under two proposed tax hikes that industry representatives say could not have come at a worse time. In Oregon, a 31 gallon barrel of beer is taxed at $2.60 per barrel while wine is taxed at 65 cents per gallon. Those rates were first...
    New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City.Spencer Platt | Getty Images A group of 250 CEOs and business leaders sent a letter to New York's governor and legislators expressing "alarm" at what they say could become the largest spending and tax increase in the state's history. The letter,...
    Editor’s note: We endeavor to bring you the top voices on current events representing a range of perspectives. Below is a column arguing that raising taxes on the wealthy would harm the economic recovery and is ineffective at raising government revenue. You can find a counterpoint here, where former Pentagon spokesman J.D. Gordon argues that we should raise taxes on the...
    With just 10 days left before the new fiscal year begins, Gov. Andrew Cuomo and his staff told reporters Monday that they have found more than $5 billion in funding to restore cuts the governor’s office initially proposed in its budget. State Budget Director Rob Mujica said the combination of federal aid from the American Rescue Plan as well...
    The Job Creators Network (JCN), one of America’s largest small business advocacy organizations, erected a billboard in the heart of Times Square slamming President Joe Biden’s proposed tax increases that would hurt America’s small businesses. “Biden wants to raise taxes on small businesses? HELL NO! NOT ON OUR WATCH!” the two-sided billboard reads. “WTF?!” the other side of the billboard...
    New York, still reeling from a once-in-a-century pandemic, now faces a plague of tax increases to fuel a massive 23-percent surge in state spending proposed by Albany Democrats. The $7 billion in tax increases recommended by both the Dem-controlled Assembly and Senate includes higher levies on the incomes of wealthy New Yorkers, estates and corporations — putting a big “We Don’t Want...
    By MOHAMED IBRAHIM, Associated Press/Report for America MINNEAPOLIS (AP) — Gov. Tim Walz on Thursday released a revised two-year budget proposal that removes nearly $1 billion in proposed tax increases from his initial plan while expanding tax relief measures following an improved economic outlook for the state. The revised proposal reduces new taxes from more than $1.6 billion to about...
    ST. PAUL, Minn. (WCCO) — Gov. Tim Walz is dropping some of his proposed tax increases and providing some tax relief to small businesses and Minnesotans who received extra jobless benefits, according to his revised budget plan released Thursday. He is shrinking his proposed tax increases from $1.66 billion to $670 million, which include eliminating his increase on cigarette and...
    President Biden’s plan to raise corporate taxes could make it through the Senate if Democrats employ a budgetary tactic that will circumvent a GOP filibuster, Republicans warned. Minority Leader Mitch McConnell predicted Democrats will usher through a major tax increase provision by tacking it on to infrastructure legislation, which they plan to pass with only 51 votes via a process...
    Joe Biden on Wednesday detailed his plan for the biggest tax hike in 15 years - relying on his notes to make sure he announced the correct figures. Speaking to George Stephanopoulos, Biden was unabashed about his tax cheat sheet, which he brought out from his pocket when their conversation turned to tax. 'I brought this with me because I...
    Anyone making over $400,000 will see “a small to significant” tax increase, President Biden revealed in a new interview Wednesday. Speaking to ABC’s “Good Morning America,” the commander-in-chief made the admission after being asked if he would raise taxes on those who benefitted from former President Trump’s tax cuts. “Yes, anybody making more than $400,000 will see a small to...
    President BidenJoe BidenBiden and Congress must take bold action to prevent violent extremism The Hill's Morning Report - Presented by Facebook - Biden faces GOP's immigration and filibuster offensive Democrats play defense on border crisis MORE said in an interview with ABC News's George Stephanopoulos that he wants people making more than $400,000 to see "a small to a significant tax...
    President Biden is testing the bounds of political goodwill accrued from passage of his popular $1.9 trillion spending plan with a forthcoming proposal to increase taxes on corporations and the so-called wealthy. Biden campaigned last year on raising taxes and is poised to pair his proposal with legislation to finance a major infrastructure boom. Corporate tax rates would jump from...
    The Biden administration is reportedly planning what will be the largest hike in federal taxes in nearly three decades, a move that comes on the heels of a behemoth COVID-19 spending package. On the campaign trail, President Biden laid plans to increase taxes on high-earning individuals and expand the corporate tax rate, plans that were opposed by then-President Donald...
    (Bloomberg) – US President Joe Biden is planning the first major federal tax increase since 1993 to help fund the long-term economic program designed as a follow-up to his pandemic relief bill, according to people familiar with it. with the matter. Unlike the US $ 1.9 trillion stimulus bill, the next initiative, which is expected to be even bigger, will...
    President BidenJoe BidenThe Hill's Morning Report - Presented by Facebook - Biden to hit road, tout COVID-19 relief law Oregon senator takes center stage in Democratic filibuster debate This week: Democrats eye next step after coronavirus relief bill win MORE is reportedly planning the first major hike in federal taxes in almost 30 years to fund the economic program set...
    IT SEEMS Congressional Democrats have control of the purse strings, as they plow ahead with passing an almost $2 trillion coronavirus relief bill. And it is set to blow the previously proposed aid package out of the water - by providing up to $14,000 to some American families. 3The $1.9 trillion economic relief plan is set to give Americans a...
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