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What is yours?The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
Oh sorry about the paywall. Try this one : https://www.npr.org/2022/03/28/1089144412/biden-budget-fiscal-2023
- A "billionaire minimum income tax," which would require households worth more than $100 million to pay a minimum tax rate of 20% on their full income, including unrealized appreciation.
- An increase in the corporate tax rate on profits to ensure, the White House says, that large corporations "pay their fair share."
The White House emphasized that this budget, based on current economic projections and proposed spending, would cut the deficit to less than half what it was in the 2021 budget year, which included massive pandemic spending and economic contraction.
The Committee for a Responsible Federal Budget praised Biden's budget for proposing to reduce the deficit by a net $1 trillion over the next decade. But, it said ultimately, the White House plan would still set the debt on an "unsustainable path."
From the article: “the White House plan would still set the debt on an "unsustainable path."
But but but…the rich will pay for it!Yep adding about $1.3T/year (assuming all goes well) to the national debt is crazy.
But but but…the rich will pay for it!
LOLOL.The big question is: will Joe Manchin allow this $5.8T annual federal “budget” to pass in the Senate?
The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
Seems like the first three bullet points negate the forth.The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
Touche bullseye toucheSeems like the first three bullet points negate the forth.
The tax on unrealized gains is ridiculous and is largely unworkable.The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
This is only if you have over 100 million. May I ask if you fall into this category?The tax on unrealized gains is ridiculous and is largely unworkable.
Nope, but it’s still ridiculous and unworkable.This is only if you have over 100 million. May I ask if you fall into this category?
where is hunters laptop???Dont agree with the military increase. But I'd have to have the details, doesnt sound good though.
I could support the rest of it. Depending on what was going to be the vehicle for "deficit reduction".
The Biden administration released its proposed budget today. What is your opinion of the proposal?
Some highlights, largely from this NYT article
- Increase of the defense budget, especially nuclear arms
- Increase in budget for CBP, ICE, and other federal law enforcement
- Proposed minimum tax on households worth > $100 Million
- Major emphasis on deficit reduction
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