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Topic: Tax Proposals

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Cincydawg

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Tax Proposals
« on: April 24, 2021, 08:00:03 AM »
Lawmakers brace for bitter fight over Biden tax plan | TheHill

This is going to get interesting, I think, I'm not sure what ends up happening.  Most of these don't impact most of us, aside from the indirect impact of raising corporate income tax rates.  Supposedly, the Trump tax cuts entirely "cost" $100-150 million in lost revenue, one can debate that, so a partial reversal would not gain that much, we're probably talking well under $100 million, which is kind of rounding error.

Meanwhile, the proposed spending plans are not rounding error.

 

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