Usually, it’s the Republican candidate who’s got grand plans to overhaul the tax code. But in the 2020 presidential race, it’s Democrat Joe Biden who’s been offering scads of proposals — most of them to increase taxes
.Trump’s tax plans for a second term remain murky. He’s offered some general ideas — a middle class tax cut, reducing capital gains taxes, expanding so-called Opportunity Zones — but has not explained what he has in mind.extend well into the weeds of tax policy. He has one proposal, for instance, to impose a minimum tax on big corporations by using an alternative accounting system.
Of course, Trump’s appeal to many voters has nothing to do with policy. And there are risks with offering detailed tax plans, even if they are tax cuts. It could revive Democratic complaints of Republicans favoring the rich, which they successfully wielded against the 2017 law. At the same time, a series of tax increases, designed to defray the cost of the TCJA, are scheduled to automatically take effect in coming years, and many are eager to head those off. Beginning in 2022, for example, new rules will make it harder for businesses to deduct their research and development expenses.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Donald Trump flipped this Wisconsin county in 2016, and 2020 looks like a repeat'People are coming in left and right. They want signs, they want hats, they want the Trump T-shirt—you name it. It's been unlike anything I've seen in politics,' one lawmaker told Newsweek.
Weiterlesen »
Biden Says He's Confident Trump Will Leave Office If He LosesBiden called Trump's refusal to commit to a peaceful transfer of power if he loses the election 'a typical Trump distraction' — adding that he's doing so 'to take our eye off the ball, not to talk about what's happening to the people dying.'
Weiterlesen »
Biden accuses Trump of silence on Belarusian 'dictator' LukashenkoJoe Biden slams President Trump for not speaking out about repression of democratic protests in Belarus — a country Biden says is being run by a 'dictator.'
Weiterlesen »
USA TODAY/Suffolk Poll: Joe Biden leads Donald Trump by 7 points in battleground MinnesotaThe poll released Friday shows 47% of likely voters support Biden, while 40% support Trump in a state that has been reliably held by Democrats since 1972 but where the president is hoping to compete. Another 6% of respondents were undecided.
Weiterlesen »
'Restaurants for Biden': Over 150 chefs, restaurateurs say Trump has failed the industryA group of prominent chefs and restaurant owners have endorsed Joe Biden, saying the Trump admin. 'blew the pandemic response.' - TODAYshow
Weiterlesen »