Based on early reports from the Biden administration, it looks like the White House will persist in pushing some of those through, if they can be supported by an influx of cash from the proposed tax. on the POTUS Twitter account on Monday night."For families, that will cut the cost of childcare in half." take on
90% of the subsidy burden, with states being responsible for the remaining 10%. Families of four making less than $75,000 per year would pay nothing for child care, with the household contribution increasing as their income does. Families of four making $100,000 have a $2,000 annual copayment; families of four making $150,000 will have a $10,500 copayment, etc.
What's less clear is whether the monthly checks parents received from the expanded child tax credit would come back, after it expired at the end of last year, or whether the White House will be steering federal cash to boost wages for child care workers, as Build Back Better outlined. Any implementation of these measures may go a long way toward providing children with long-term stability, experts say.
"The bill as a whole would reduce poverty substantially, and especially child poverty," Kris Cox, deputy director of federal tax policy at the Center on Budget and Policy Priorities,
Well it seems right... I call this stealing.
I can't see this passing. Do they get a credit if their assets go down? Does their art collection count? How about baseball cards or their car collection? I'd prefer to tax their supplemental income at a 60% rate instead. It should do the same thing.
BIDEN GIVE SOME OF THE MONEY UP THAT YOU TOOK UNDER THE TABLE FROM THE CHINESE, UKRAINE, IRANIANS, AND ANYBOD ELSE HUNTER SET YOU UP WITH!
Pass it!!
Hey , it would be great if those programs were funded by the billions we're sending to other countries...answer to mismanaging money...take from someone else to cover it
It’ll never pass
So, is it going to be enforced in Monaco or Lichtenstein?
How would you implement it? Wealth could fluctuate greatly 🤔
Where is the maths bitches? Stop making nonsense news just to generate money
Stop calling it a billionaire tax when you need less than a billion dollars to get taxed. The income tax in 1913 started as a tax on the rich…now only us middle class pay it. Wake up, paying tax on unrealized gains will hit average Americans in the future.
That is cool. ps- Pls buy my book and help me overcome adversity.
I love when someone uses children to make a meaningless statement
拜登的亿万富翁税可以支付2000万家庭的育儿费用
Yeh, yeh. I don't believe a word of it. Governments have an horrendous track record of feeding people, you should know this already being donkey embarrassing Socialists.
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Biden wants to tax billionaires 20%, including on stock gainsBiden wants to make sure billionaires pay at least a 20% income tax — including on their massive pandemic-era stock gains 拜登希望确保亿万富翁至少缴纳20%的所得税，包括他们在大流行时期的股票收益
Source: BusinessInsider - 🏆 729. / 51 Read more »