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Keyword: taxes

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  • Gas taxes, food delivery fees and more: Washington lawmakers eye 33 fees, taxes to pay for transportation

    05/07/2021 10:46:34 AM PDT · by Tolerance Sucks Rocks · 17 replies
    The Seattle Times ^ | April 12, 2021 | Mike Lindblom
    Nowadays, the government needs more than gasoline taxes to fund its vast mission to expand, replace and preserve transportation routes in Washington state. Legislators have drawn up a menu of 33 tax and fee increases under the proposed 16-year Forward Washington plan, updated last week by Senate Transportation Committee Chair Steve Hobbs, D-Lake Stevens. That way, perhaps no single cost will provoke enough public fury to torpedo the plan. “Nobody likes to be taxed, but we also want to make this fair as we spread it across different sectors,” Hobbs said Friday. His approach holds direct gas-tax hikes to 9.8...
  • N.C. Highway Maintenance Is Behind and Won't Catch Up Any Time Soon

    05/07/2021 10:39:14 AM PDT · by Tolerance Sucks Rocks · 11 replies
    Indy Week ^ | May 04, 2021 | Brian Keyes
    $3.4 billion. That’s how much bad roads and congestion in North Carolina costs its drivers in higher vehicle ownership costs, according to a report commissioned by the North Carolina Department of Transportation. Fixing those roads—as well as repairing and replacing bridges, building new highways and any other large projects the N.C. DOT has on its schedule—takes money, and lots of it. Steve Abbott, a spokesperson for the N.C. DOT, said that to bring every bridge in the state to “good” condition would cost $3.8 billion, roughly 71 percent of the department’s $5.3 billion budget for the year. “As of now,...
  • The Census Rewarded Red States, But Democrats Are Scheming To Reverse That

    05/07/2021 9:27:30 AM PDT · by Kaslin · 15 replies
    The Federalist ^ | May 7, 2021 | Chuck DeVore
    States that consistently grew faster than the national average over the past ten years are in line to gain representation in Congress. Democrats will work to undermine people's vote with their feet.The U.S. Census Bureau released its once-in-a-decade national census on April 26. Most of the discussion about the census has focused on states losing or gaining seats in the U.S. House, a process known as reapportionment.For the 2022 midterms, seven states will be down one member of the House: California, Illinois, Michigan, New York, Ohio, Pennsylvania, and West Virginia. Colorado, Florida, Montana, North Carolina, and Oregon each gained one...
  • Joe Biden Dodged Half A Million In Taxes, And He Wants You To Pay Your ‘Fair Share’

    05/06/2021 7:51:38 AM PDT · by Kaslin · 22 replies
    The Federalist ^ | May 6, 2021 | Christopher Jacobs
    How can someone who avoided more than $500,000 in taxes to fund his luxury lifestyle demand that others ‘pay their fair share’ under massive tax hikes?In his speech to Congress last Wednesday and his multi-trillion-dollar plan for “human infrastructure” released earlier that day, President Biden proposed yet another tax increase, this one on purportedly “wealthy” individuals and families. In his address Wednesday evening, Biden used the words “fair share” on no fewer than five separate occasions to justify these proposed revenue hikes.Yet with his own taxes, Joe Biden didn’t pay his “fair share.” Upon leaving the vice presidency in early...
  • The smart tax we can’t have

    05/05/2021 3:41:04 PM PDT · by Tolerance Sucks Rocks · 19 replies
    Yahoo! Finance ^ | April 28, 2021 | Rick Newman
    The battle is on, as President Biden pushes a raft of tax hikes to pay for roads, bridges, green energy, and expansive new social programs. His plans are generally popular—but nobody wants to be the one footing the bill. Business groups argue that instead of raising corporate taxes to pay for infrastructure, as Biden wants to do, the government should rely on user fees such as tolls and dedicated taxes, so that people getting the benefit of the new asset bear the cost. Higher corporate taxes can depress investing, send US companies overseas and trigger aggressive tax avoidance. Douglas Holtz-Eakin,...
  • New law reduces sales tax on hydrogen vehicle purchases in Washington

    Washington solidifies goal to end sale of new gas-powered cars by 2030 A bill to promote hydrogen-powered vehicles is now a state law. “Giving residents more access to purchase greener vehicles is one more way we can work together to lower greenhouse gas impacts across the state,” Gov. Inslee said, as he signed the bill. Senator Brad Hawkins sponsored the bill, SB 5000, which creates an eight-year statewide pilot project for the reduction of sales tax on purchases of fuel-cell electric vehicles. “It’s had a long journey through five different committees, but it’s definitely generated a great deal of conversation...
  • 104 Days Of Bidenonomics

    05/04/2021 6:13:54 AM PDT · by deport · 4 replies
    NPR ^ | May 4, 20216:30 AM ET | REG ROSALSKY
    In his joint address to Congress last week, Biden called for a multitrillion-dollar agenda that could fundamentally transform the economy. And it now seems like the man conservatives called "Sleepy Joe'' has been pounding Red Bulls and is ready to tax and spend like no president in generations. A new social safety net for kids Americans recover from the pandemic$31 billion to help Native American$28.6 billion in grants to save restaurants$350 billion to help states and cities recover from the pandemicAnd more at the link
  • 7 Exorbitant Welfare Proposals Packed Into Biden’s ‘American Family Plan’

    05/03/2021 5:32:38 AM PDT · by Kaslin · 25 replies
    The Federalist ^ | May 3, 2021 | Elizabeth Bauer
    Biden's American Family Plan would dole out free college, free child care, free meals, and more. But does the math add up? Nope.President Biden released the provisions of his American Family Plan last week, and just like with his American Jobs Plan, the details are scant and the price tag is high.Even given the limited details, the plans ought to give everyone pause — and by “everyone” I don’t just mean conservatives who oppose massive welfare state expansions, but also those who agree with the objective of an increase in the social insurance system in America. There are some serious...
  • Red-Pilled by The Hologram

    05/02/2021 11:32:22 AM PDT · by CheshireTheCat · 1 replies
    RedState ^ | May 2, 2021 | Stu Cvrk
    One hundred days into the bait-and-switch presidency, the “America Last” doctrine of The Hologram and his ChiCom-compromised administration is red-pilling Americans with each passing day – at least those who are not themselves compromised and/or Communists like those associated with the Black Lives Matter movement. Here is a short list of the America Last policies implemented to date (not all-inclusive by any means): Locking down the Capitol like the average Third World/Communist dictatorship Holding 6 January activists in solitary confinement without charges Opening the Mexican border to a flood of illegal aliens (and all the drug and human trafficking, spreading...
  • Biden's New Death Tax: Pay Attention Those of You Who Have Investments And Assets That Have Appreciated Through Your Working Years

    05/01/2021 9:13:56 PM PDT · by SeekAndFind · 33 replies
    Townhall ^ | 05/01/2021 | Hank Adler
    This week, President Biden proposed taxing capital gains at death at a tax rate of 39.6 percent plus the 3.8 percent investment tax. He proposed a $1 million exemption. For an individual with less than $11.8 million in net worth, this would create a new death tax from whole cloth. President Biden’s new death tax would result in estates that currently are not remotely close to having sufficient net worth to pay a death tax paying a death tax. It can be named a ‘capital gains tax at death’; it is a new death tax. For a long-term real estate...
  • Who Wants To Bet That Biden's Infrastructure & Jobs Bill Is Really Just "Shovel-Ready Jobs" 2.0?

    04/29/2021 10:35:31 PM PDT · by Its All Over Except ... · 24 replies
    4/29/2021 | Its All Over Except...
    Shovel-ready jobs (1.0) was supposed to create a plethora of jobs of 45k and up but it was a boondoggle with so much money eaten up by management making between 100 and 150k, by red tape, and so the millions of even 45k-65k jobs per year never materialized or were very short-term. Wanna bet this will happen again? And how many Solyndra's and other clunker, retread Obama/Biden ideas does Biden eventually have planned to roll out? I wish that he, or at least his handlers and overlords, could be more imaginative concerning the ideas they formulate.
  • How WILL Biden cover the cost of his $6 trillion spending spree? Tax rises announced by the President last night will only raise $2.3 trillion - and the national debt is already at its highest EVER

    04/29/2021 8:15:35 AM PDT · by C19fan · 55 replies
    UK Daily Mail ^ | April 29, 2021 | Chris Jewers
    Joe Biden last night brought the total new spending commitments announced in his first 100 days in office to $6 trillion - but he's facing questions over whether tax rises he proposes will be enough to cover the ambitious plans he needs to put through Congress. Speaking to 200 lawmakers in Congress last night, Biden set out plans for his $2.3 trillion 'American Jobs Plan' that he called 'a blue-collar blueprint to build America'. It joins the American Rescue Plan and the American Families Plan, at a time when national debt is at its highest level since 1945. The $1.9trillion...
  • Think Biden's Tax Hikes Wouldn't Negatively Affect You? Then You Are Very Wrong

    04/27/2021 8:26:54 AM PDT · by SeekAndFind · 23 replies
    Mish Talk ^ | 04/27/2021 | Mike Shedlock
    What would happen if Biden got the tax hikes he seeks? A big set of questions and answers follows.Net Capital Gains Tax Would Approach a Whopping 60% As I noted on April 23, under Biden's proposal Net Capital Gains Tax Would Approach a Whopping 60%.Four Comments By Shortsighted ReadersI'll complain when I'm the one being taxed.Mish, tell me if it impacts someone with $60K in annual income and $12K in short-term capital gains. If it doesn't, go screw yourself!Great if the plan is passed! Party time for the Top .3% is over! Why should investment be advantaged over labor?The first...
  • Three Reasons Why The Biden Tax Increase Makes No Sense

    04/26/2021 7:06:17 PM PDT · by SeekAndFind · 19 replies
    Daniel Lacalle ^ | 04/26/2021
    Anyone who believes the “rich” and large corporations will pay for $28 trillion in debt or the $2 trillion in new deficit has a real problem with maths...Biden’s announcement of a massive tax increase on businesses and wealthier segments of the population simply makes no sense. The tax hikes will have a significant impact on economic growth, investment and job creation and do not even scratch the surface of the structural deficit. Even if we believe the Gross Domestic Product growth and revenue estimates announced by the Biden administration, the impact on debt and deficit is negligible. So, what is...
  • Biden climate pledge could limit Americans to one burger a MONTH, hike taxes and force you to spend $55k on electric car

    04/23/2021 5:47:58 PM PDT · by Bloodandgravy · 72 replies
    The Sun ^ | 23 Apr 2021 | Catherina Gioino
    PRESIDENT Joe Biden's climate plan to cut greenhouse emissions by 50 to 52 percent by 2030 could come with significant changes to Americans' daily routines....Americans should only consume about four pounds of red meat per year, or about 0.18 ounces daily, which is about a burger a month.
  • Biden Weighs Raising Capital Gains Rate to Over 40 Percent

    04/23/2021 9:54:31 AM PDT · by Aquamarine · 55 replies
    National Review ^ | April 22, 2021 | Zachary Evans
    President Biden is expected to announce a proposal to nearly double the capital gains tax rate in order to help fund a forthcoming spending package, according to multiple reports.The proposal would set the capital gains tax rate for individuals earning over $1 million at 39.6 percent, two people familiar with the plan told Bloomberg. When combined with an existing federal surtax on investment income, investors could pay federal taxes at a rate of as high as 43.4 percent.In states with high taxes, rates for wealthy individuals could be even higher. New Yorkers making over $1 million would see combined federal...
  • Stocks sink after report says Biden will propose higher capital gains tax on the wealthy

    04/22/2021 10:52:21 AM PDT · by Hojczyk · 46 replies
    Yahoo Finance ^ | April 22,2021 | Emily McCormick
    Stocks erased earlier gains to trade sharply lower after Bloomberg report Thursday afternoon that President Joe Biden would propose increasing the corporate tax rate on wealthy individuals. The Dow dropped 250 points, or 0.7%, following the report, after trading just slightly lower earlier. The S&P 500 and Nasdaq erased gains to trade at session lows. Biden's plan would involve increasing the capital gains tax rate on the wealthy to 39.6%, according to the report from Bloomberg citing people familiar with the matter. This would apply to those earning at least $1 million. The current base capital gains tax rate is...
  • Democrats move reparations bill out of committee in historic vote

    04/18/2021 1:59:19 AM PDT · by MarvinStinson · 61 replies
    yahoo ^ | April 16, 2021 | Marquise Francis
    On Wednesday, Democrats on the House Judiciary Committee voted to recommend the creation of a commission to consider reparations for the Black descendants of U.S. slaves. First introduced in 1989 by Rep. John Conyers of Michigan, H.R. 40 had never made it out of committee until this week. Twenty-five Democrats in the Committee voted in favor , while 17 Republicans voted against . “This legislation is long overdue,” Rep. Jerrold Nadler , Judiciary Committee chairman, said . “H.R. 40 is intended to begin a national conversation about how to confront the brutal mistreatment of African Americans during chattel slavery, Jim...
  • Big Three IGNORE Bezos-Tied Org Survey Sounding Alarm on Biden Tax Hikes for Two Days

    04/14/2021 9:02:20 AM PDT · by JV3MRC · 2 replies
    NewsBusters ^ | 4/13/2021 | Joseph Vazquez
    The ABC, CBS and NBC evening news shows continued to suffer from a chronic condition of ignorance to news that could damage President Joe Biden’s agenda to hike taxes. The Business Roundtable (BRT) released a survey April 12 headlined, “Business Roundtable Survey Finds Corporate Tax Increases Would Weaken U.S. Business Expansion, Hiring, Investments in R&D and Innovation.” The survey of 178 CEOs conducted between March 8 and March 19 revealed very damaging news to Biden’s agenda: “98 percent of CEOs said that an increase in the corporate tax rate from 21 percent to 28 percent would have a ‘moderately’ to...
  • Guess Who's Going to Ignore the Carbon Tax

    04/13/2021 7:05:35 PM PDT · by econjack · 39 replies
    Times Dispatch ^ | 4/10/2021 | Jon Palmer
    I will attempt to answer the very detailed and frightening April 12 Correspondent of the Day letter from Dr. L. Fred Roensch. Perhaps a better title would have been "Despondent of the Day." He cites Bill Gates and the American Petroleum Institute as well-meaning caretakers of our planet by reciting a litany of creative means to save our children and grandchildren from his imagined horrors. My reply will begin with the failed but popular premise that we have gone from global warming to climate change. Why the change? I'll tell you why by citing Ian Rutherford Plimer, Australian geologist and...