Stories tagged: "corporate tax breaks"
The package lowers healthcare costs, incentivizes companies to adopt renewable energies and produce clean energy products; provides consumer rebates for those products, and delivers tens of billions of dollars of direct investments to American communities—funded by taxes on billion-dollar corporations.
Hundreds of billions will go toward providing Medicare after capping a tax change so that its benefits are focused small businesses and middle class entrepreneurs.
Biden accused Republicans of wanting to raise taxes on “teachers and firefighters,” “make working families poor,” and hold Social Security, Medicare, and Medicaid hostage every five years to secure corporate tax cuts and other concessions from Democrats.
Senator also again claimed the tax break for pass-through companies is about helping small businesses even though the wealthiest Americans get a huge chunk of the benefits.
The credit does not require proof of job creation and is heavily skewed toward Wisconsin’s wealthiest tax filers.
By playing hard-to-get, the Wisconsin senator allowed more tax cuts to be based on wealth rather than job creation, as Trump had claimed.
Senate leader signals possible compromise on medicinal marijuana rather than full legalization. Lawmakers and governor staking out early ground on other state budget ideas.
