Ending tax breaks used by cryptocurrency transactions.Quadrupling a tax on stock buybacks to 4% from 1%.A cut in tax breaks for oil and gas companies and for real estate investors.An increase to the tax rate corporations pay in taxes on their profits to 28%.A minimum tax on billionaires of 25%, impacting the wealthiest."I'm not going after any ordinary folks," Biden said in his remarks, noting that his plan won't raise taxes on anyone making less than $400,000 a year. In order to pay for funding Biden's priorities, the president's plan proposes an increased tax rate on wealthier Americans. Allows people on Medicaid to get access to certain HIV/AIDS and Hepatitis C treatments that the White House said would ultimately save taxpayer money and provide better care.An increase for Pell grants and more benefits for students going to historically Black colleges or universities and other minority-serving institutions.Reinstates the expanded child tax credit, which went into effect during the pandemic, but expired at the end of 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |