White House: Biden budget to cut the deficit by $3 trillion through tax hikes
has insisted that tax increases on the wealthy and corporations can cover his budget, reduce the deficit and bolster Medicare and Social Security.
Ms. Jean-Pierre insisted that the American public is on board with the tax increases, noting that more than 81 million cast a vote for Mr.“This is something Americans believe. They believe the wealthy and corporations should pay their fair share,” she said. “This is something the president has spoken to many times, and we see support for that.”said 680 billionaires are in the United States, and many of them are paying lower tax rates than middle-class Americans.
Among the tax increases expected to be included in the budget is raising the Medicare surtax on earned and unearned income from 3.8% to 5% for individuals making more than $400,000.proposed a new tax on high-income individuals that would require individuals and families worth more than $100 million to pay a 20% tax on income and unrealized gains of liquid assets such as stocks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Biden to host South Korean president for White House state dinnerPresident Biden will host South Korean President Yoon Suk Yeol for a state dinner next month, the White House announced Tuesday.
Weiterlesen »
House GOP probes whether White House suppressed public statement on Biden's classified docs mishandlingHouse Committee on Oversight and Accountability Chairman James Comer, R-Ky. is demanding to know whether the White House suppressed a public statement on President Biden's mishandling of classified documents.
Weiterlesen »
House Oversight asks whether White House suppressed public statement on Biden classified documentsHouse Oversight Committee Chairman James Comer (R-OK) pressed the White House on Tuesday about whether aides pressured the National Archives and Records Administration to stay quiet about President Joe Biden’s mishandled classified documents.
Weiterlesen »
Biden to host 2nd state visit, welcoming South Korean leader Yoon Suk Yeol to White HousePresident Biden will host the second state visit of his administration, for South Korean President Yoon Suk Yeol, the White House announced on Tuesday.
Weiterlesen »
White House mum on 'rumors' of Biden reinstating migrant family detentionThe White House refused to address 'rumors' that President Biden would reinstitute migrant family detention at the southern border, a policy Biden criticized Trump over. 'I'm not saying it is, and I'm not saying it is not,' PressSec said.
Weiterlesen »
Biden White House and bipartisan group of 12 senators back TikTok banA push to ban TikTok in the U.S. picks up more support on Tuesday in Washington. A ban on the popular short-video platform could help U.S. social-media players, according to a recent note from analysts at Height Capital Markets.
Weiterlesen »