Tag Archives: biden
Biden’s Budget – Capital Gains Rates Reaching Nearly 45%
The Biden administration has recently made a proposition for several tax increases to America’s highest-earning individuals. These proposals were part of President Biden’s annual budget request that he presents to congress.… Continue reading
Biden to Propose Taxing America’s Wealthiest, 25%
US President Joe Biden will make a call to Congress to impose a minimum tax on billionaires as part of several proposed tax hikes on the country’s wealthiest individuals and corporations. The minimum tax imposed would be 25%. The proposed … Continue reading
Senator Manchin Says He Will Not Approve Biden’s Pick for IRS Commissioner
Last week, Joe Manchin who is a Democrat and West Virginia senator announced that he will not approve the president’s nomination for commissioner of the Internal Revenue Service. According to Manchin, one of the biggest reasons he is voting against … Continue reading
Biden’s $10B Credit for Clean-Energy Makers Back in the Works
Clean-energy manufacturers across the United States are rejoicing, as the Biden Administration is beginning to restart an extremely popular tax credit. As part of the Inflation Reduction Act, manufacturers of wind turbines, solar panels, fuel cells and other energy efficient … Continue reading
SOTU: Biden Calls for Higher Taxes on Corporations and Wealthy
When the President addressed the great nation last week, one thing that was brought up several times was higher taxes on big corporations and wealthy individuals. There were several instances when the president urged Congress to approve measures that would … Continue reading
Supreme Court Seems Likely to “Dismantle” Student Loan Forgiveness Plan
Earlier this year, President Biden announced his plan to cancel up to $20,000 in federal student loan debt for qualified students. This was a monumental decision because of the millions of people across the country who suffer from over $1.6 … Continue reading
Biden Addresses Oil Firms – Says He Will Seek Tax on “Windfall” Profits
As the midterm elections are among us, U.S. Gas prices are still extremely high. To address this problem, President Biden stated that he is seeking to charge more taxes on certain oil companies. The oil companies that he seeks … Continue reading
Some States have Already Announced Whether or Not they Will Tax Student Loan Forgiveness
Recently, President Joe Biden announced his plans to cancel some student loan debts for millions of Americans across the country. Most borrowers making less than $125,000 per year or $250,000 for married couples filing jointly will qualify for $10,000 in … Continue reading
Biden to Give Partial Student Loan Forgiveness
Earlier this week, big news swept the nation as President Biden announced his plans regarding student loan forgiveness. Loan forgiveness was a campaign promise that Biden spoke about when he was making his 2020 presidential run. Although this is … Continue reading
Inflation Reduction Act – DSJ Breakdown
The Inflation Reduction Act was recently signed into law by the Biden Administration. The goal of this act is to build back an economy that is beneficial for all hard-working American families. There are several details incorporated into this bill … Continue reading