They're not paying their fair share. And neither are big corporations.
President Biden’s new budget plan doesn’t come close to solving the national debt challenge. Republicans are right about that much. Biden’s plan would reduce expected deficits by $3 trillion over the next decade, less than half what’s needed to even stabilize the debt as a share of our economic output.
So why are Republicans trying to snuff out even that small measure of progress by flatly rejecting tax increases on the rich? Isn’t this a reasonable moment in our history to ask a little more of those who are doing well? Don’t miss the best in editorials, opinion columns and commentary from NJ.com writers. Add your email here:
If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold prices surge as U.S. bank woes taper rate hike expectations By Investing.com⚠️BREAKING: *GOLD EXTENDS GAINS TO OVER 2% AS PRICES RALLY ABOVE $1,900 $GC_F
Baca lebih lajut »
Joe Biden Announces Corporate Tax Hike Likely to Burden Small BusinessPresident Joe Biden on Thursday proposed raising the corporate tax rate from 21 percent to 28 percent, a scheme that will likely burden both large and small businesses.
Baca lebih lajut »
Federal Reserve: Expect no rate hike in March – Goldman SachsThe US Dollar has come under renewed selling pressure in Asia this Monday after Goldman Sachs revised downward its expectations of the US Federal Rese
Baca lebih lajut »
Goldman analysts no longer expect Fed rate hike in March after SVB failureGoldman Sachs' analysts on Sunday said they no longer expect the U.S. Federal Reserve to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March, in light of the recent stress in the banking sector.
Baca lebih lajut »
SVB Collapse Fallout: Goldman Analysts Forecast No Fed Rate Hike In MarchLast week, economists predicted either a 25 basis point or 50 basis point rate hike at the Federal Reserve’s March 22 meeting.
Baca lebih lajut »
Futures gain on bets of likely rate hike pause after SVB collapseU.S. stock index futures rose on Monday as authorities stepped in to restore investor confidence after the collapse of Silicon Valley Bank (SVB), with some investors betting on a pause in interest rate hikes by the Federal Reserve.
Baca lebih lajut »