The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
“Success is not about winning every battle, but about having the strength to keep fighting”?
Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
αυτό σημαίνει σχεδιασμός πολιτικής σοβαρής χώρας
αλλά στη μπανανία ότι νάναι και άρπα κόλα
αλλά στη μπανανία ότι νάναι και άρπα κόλα
“Success is not about winning every battle, but about having the strength to keep fighting”?
Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
The Build Back Better framework is fully paid for:
Combined with savings from repealing the Trump Administration’s rebate rule, the plan is fully paid for by asking more from the very largest corporations and the wealthiest Americans. The 2017 tax cut delivered a windfall to them, and this would help reverse that—and invest in the country’s future. No one making under $400,000 will pay a penny more in taxes.
Specifically, the framework:
Stops large, profitable corporations from paying zero in tax and tax corporations that buyback stock rather than invest in the company.
In 2019, the largest corporations in the United States paid just 8 percent in taxes, and many paid nothing at all. President Biden believes this is fundamentally unfair. The Build Back Better framework will impose a 15% minimum tax on the corporate profits that large corporations—with over $1 billion in profits—report to shareholders. This means that if a large corporation says it’s profitable, then it can’t avoid paying its tax bill. The framework also includes a 1% surcharge on corporate stock buybacks, which corporate executives too often use to enrich themselves rather than investing workers and growing the economy.
Stops rewarding corporations for shipping jobs and profits overseas.
President Biden has led the world to stop the race to the bottom in corporate taxes and that rewards corporations that ship jobs and profits overseas. That’s why the President won an agreement among 136 countries on a 15% global minimum tax. This framework would help finish the job. Consistent with that agreement, it’d adopt a 15% minimum tax on foreign profits of U.S. corporations, so that they can no longer claim huge tax benefits by shifting profits and jobs abroad. And, it’d make sure that other countries abide by the agreement they adopted by imposing a penalty rate on any foreign corporations based in countries that fail to abide by the international agreement. Other countries will not be able to try to take advantage by failing to meet their commitment.
Asks the highest income Americans to pay their fair share.
Invests in enforcing our existing tax laws, so the wealthy pay what they owe.
Regular workers pay the taxes they owe on wages and salaries—with a 99 percent compliance rate—while too many wealthy taxpayers hide their income from the IRS so they don’t have to pay. And, as a result of budget cuts, audit rates on those making over $1 million per year fell by 80 percent between 2011-2018. Wage earners have a 99 percent compliance rate, and, by contrast, the top 1 percent evades over $160 billion per year in taxes. President Biden’s Build Back Better Agenda will create a fairer tax system – a tax system that requires the wealthy to finally pay their fair share and rewards work, not wealth. The President’s plan will accomplish this through transformation investments in the IRS: hiring enforcement agents who are trained to pursue wealthy evaders, overhauling technology from the 1960s, and investing in taxpayer service, so ordinary Americans can get their questions answered. Additional enforcement resources will be focused on pursuing those with the highest incomes; not Americans with income less than $400,000.
Combined with savings from repealing the Trump Administration’s rebate rule, the plan is fully paid for by asking more from the very largest corporations and the wealthiest Americans. The 2017 tax cut delivered a windfall to them, and this would help reverse that—and invest in the country’s future. No one making under $400,000 will pay a penny more in taxes.
Specifically, the framework:
Stops large, profitable corporations from paying zero in tax and tax corporations that buyback stock rather than invest in the company.
In 2019, the largest corporations in the United States paid just 8 percent in taxes, and many paid nothing at all. President Biden believes this is fundamentally unfair. The Build Back Better framework will impose a 15% minimum tax on the corporate profits that large corporations—with over $1 billion in profits—report to shareholders. This means that if a large corporation says it’s profitable, then it can’t avoid paying its tax bill. The framework also includes a 1% surcharge on corporate stock buybacks, which corporate executives too often use to enrich themselves rather than investing workers and growing the economy.
Stops rewarding corporations for shipping jobs and profits overseas.
President Biden has led the world to stop the race to the bottom in corporate taxes and that rewards corporations that ship jobs and profits overseas. That’s why the President won an agreement among 136 countries on a 15% global minimum tax. This framework would help finish the job. Consistent with that agreement, it’d adopt a 15% minimum tax on foreign profits of U.S. corporations, so that they can no longer claim huge tax benefits by shifting profits and jobs abroad. And, it’d make sure that other countries abide by the agreement they adopted by imposing a penalty rate on any foreign corporations based in countries that fail to abide by the international agreement. Other countries will not be able to try to take advantage by failing to meet their commitment.
Asks the highest income Americans to pay their fair share.
Invests in enforcing our existing tax laws, so the wealthy pay what they owe.
Regular workers pay the taxes they owe on wages and salaries—with a 99 percent compliance rate—while too many wealthy taxpayers hide their income from the IRS so they don’t have to pay. And, as a result of budget cuts, audit rates on those making over $1 million per year fell by 80 percent between 2011-2018. Wage earners have a 99 percent compliance rate, and, by contrast, the top 1 percent evades over $160 billion per year in taxes. President Biden’s Build Back Better Agenda will create a fairer tax system – a tax system that requires the wealthy to finally pay their fair share and rewards work, not wealth. The President’s plan will accomplish this through transformation investments in the IRS: hiring enforcement agents who are trained to pursue wealthy evaders, overhauling technology from the 1960s, and investing in taxpayer service, so ordinary Americans can get their questions answered. Additional enforcement resources will be focused on pursuing those with the highest incomes; not Americans with income less than $400,000.
“Success is not about winning every battle, but about having the strength to keep fighting”?
Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
καθίστε τώρα εδώ να θαυμάζετε τον κάθε ένα τυχάρπαστο
που κονομάει
που κονομάει
“Success is not about winning every battle, but about having the strength to keep fighting”?
- Dwarven Blacksmith
- Δημοσιεύσεις: 49671
- Εγγραφή: 31 Μαρ 2018, 18:08
- Τοποθεσία: Maiore Patria
Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
Ε λοιπόν αυτός ο Μπάιντεν θα κάνει θαύματα όταν βγει.


Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
παιδιά μην ανησυχείτε και οι δικοί μας έχουν ένα τέτοιο φρειμγουορκ...
πως θα τα κονομίσουν
και θα τα βγάλουν έξω σε οφ σορ

πως θα τα κονομίσουν
και θα τα βγάλουν έξω σε οφ σορ

“Success is not about winning every battle, but about having the strength to keep fighting”?
Re: The Build Back Better Framework PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS
ναι και ο κασελάκης απο τον μπάιντεν πήρε τη γραμμήDwarven Blacksmith έγραψε: ↑08 Ιουν 2024, 10:56Ε λοιπόν αυτός ο Μπάιντεν θα κάνει θαύματα όταν βγει.

“Success is not about winning every battle, but about having the strength to keep fighting”?
-
- Παραπλήσια Θέματα
- Απαντήσεις
- Προβολές
- Τελευταία δημοσίευση
-
-
Νέα δημοσίευση India-Middle East-Europe economic corridor to counter China?
από Ίακχος » 14 Σεπ 2023, 09:35 » σε Διεθνής πολιτική - 1 Απαντήσεις
- 200 Προβολές
-
Τελευταία δημοσίευση από Ληστοσυμμορίτης
18 Σεπ 2023, 01:08
-
-
-
Νέα δημοσίευση Conscription and rationing: Germany’s plan for war with Russia
από βοθρατζης » 15 Ιουν 2024, 10:40 » σε Διεθνής πολιτική - 2 Απαντήσεις
- 150 Προβολές
-
Τελευταία δημοσίευση από βοθρατζης
15 Ιουν 2024, 10:47
-
-
-
Νέα δημοσίευση Don't replace the culture war with class war
από Frappezitis » 06 Ιούλ 2024, 20:09 » σε Φιλοσοφία πολιτικής - 2 Απαντήσεις
- 403 Προβολές
-
Τελευταία δημοσίευση από Frappezitis
23 Σεπ 2024, 16:13
-
-
- 3 Απαντήσεις
- 205 Προβολές
-
Τελευταία δημοσίευση από Mike Bassett
30 Δεκ 2024, 10:10