Senate Democrats may encompass the rewriting of business, international, energy, housing, and other significant structural elements of the tax code, along with sweeping changes to our nation’s health programs, federalization of unemployment insurance, and more. Unfortunately, the scope and substance of this legislation remains unclear, as Democrats have chosen to write and discuss the bill in secret, with no Republican input or consultation.
Tag: Biden tax
Do Senators Maggie Hassan, Catherine Cortez Masto, Raphael Warnock, Mark Kelly, and Michael Bennet support cutting taxes for millionaires and billionaires while raising taxes on working-class families?
"Soon after negotiating an agreement at the OECD, Treasury Secretary Yellen acknowledged that Congress would be required to enact significant domestic tax law changes in order to comply with the agreement. Whereas prior administrations took the position that Treasury cannot bind Congress, this Administration has taken the approach of using the global stage to attempt to force Congress’s hand."
Experts at Texas A&M University’s Agricultural and Food Policy Center detail the devastating impact President Biden’s tax code changes could have on family farms.