Bunker Joe To Propose Massive Six Trillion Dollar Budget! WW2 Type Spending!

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fishtm2001

Well-Known Member
Increasing the corporate tax rate from 21% to 28% (below the 35% rate under Presidents Obama, Bush and Clinton), raising the income tax rate for families making over $400,000 to the pre-Trump rate of 39.6%, and taxing capital gains for the roughly 0.3% of Americans making more than $1 million at that same rate. Closing tax loopholes that allow American corporations to shift their income to tax havens abroad and said the administration will work to increase tax compliance and curb tax underpayment that has cost the federal government about $7 trillion over the past decade. Sounds good to me
 
Wally

Wally

BrownCafe Innovator & King of Puns
fishtm2001 said:
Increasing the corporate tax rate from 21% to 28% (below the 35% rate under Presidents Obama, Bush and Clinton), raising the income tax rate for families making over $400,000 to the pre-Trump rate of 39.6%, and taxing capital gains for the roughly 0.3% of Americans making more than $1 million at that same rate. Closing tax loopholes that allow American corporations to shift their income to tax havens abroad and said the administration will work to increase tax compliance and curb tax underpayment that has cost the federal government about $7 trillion over the past decade. Sounds good to me
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Sounds like economic failure and inflation to me.
 
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fishtm2001

Well-Known Member
"I believe that we should pay for these historic investments—there will be a big return. I expect productivity to rise. There will be great returns from investing in research and development and enabling families to participate [in the workforce] with paid leave and childcare support," Yellen said Sunday. "President Biden believes, and I agree, that workers shouldn't face higher taxes on their wage income than wealthy individuals do on their rewards from capital."
 
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fishtm2001

Well-Known Member
In a note to clients last week, Goldman Sachs analysts said that Biden's plan to authorize trillions of dollars of infrastructure spending "should represent an incremental positive for economic growth expectations and cyclical stocks."
 
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