[ad_1] WASHINGTON — Senate Democrats plan to tax the richest of the rich, hoping to extract hundreds of billions of dollars from the mountains of wealth that billionaires sit on to help pay for their social safety net and climate change policies. The billionaires tax would almost certainly face court challenges, but given the blockade
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[ad_1] By Fernando Rivera October 25, 2021 Juana Garcia/The Cougar It’s been proven time and time again that the government needs to step in when the economy is shot. President Joe Biden’s Build Back Better agenda is what this country needs to survive and prepare for the younger generation’s future. Biden’s Build Back Better agenda is
[ad_1] Kyrsten Sinema won her US Senate seat largely by blaming an incumbent for supporting “huge tax breaks for the wealthy and large corporations,” and vowing to help a Democratic majority roll back the Trump tax cuts, 83 percent of which benefit the top 1%. Yet now she has rejected any tax hike on corporations
[ad_1] The last four pieces in this series have looked at the new spending that Democrats want to enact in the Build Back Better Act: mitigating climate change; boosting child care and elder care; helping the middle class; and improving health care. For this, the final entry, I want to focus on how Democrats plan
[ad_1] In order to maneuver around unanimous Republican opposition, Democrats are moving the bill using a fast-track budget process known as reconciliation that shields fiscal legislation from a filibuster. But to cobble together a majority for passage with their razor-thin majorities, they must keep all 50 of their senators and nearly every House Democrat united
[ad_1] Presented by Facebook Welcome to The Hill’s Morning Report. It is Monday! We get you up to speed on the most important developments in politics and policy, plus trends to watch. Alexis Simendinger and Al Weaver are the co-creators. Readers can
[ad_1] With Alice Miranda Ollstein Editor’s Note: POLITICO Pulse is a free version of POLITICO Pro Health Care’s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on
[ad_1] The United States will lose an estimated $7 trillion over the next decade from people and corporations not paying the taxes they owe. That is twice the $3.5 trillion of investments that Congress is now considering in the budget reconciliation bill. The richest 1 percent of taxpayers alone are responsible for an estimated $163
[ad_1] Presented by Facebook Welcome to The Hill’s Morning Report. It is Monday, Labor Day! We get you up to speed on the most important developments in politics and policy, plus trends to watch. Alexis Simendinger and Al Weaver are the co-creators. Readers can find us on Twitter @asimendinger and @alweaver22. Please