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45ae59f6be38e421749b1804ad67ec3f Archive

A Bipartisan Breakthrough, A Budget Boost

[ad_1] Progress toward the outline of a potential agreement. That’s how White House press secretary described a possible deal on an infrastructure plan between a bipartisan group of senators and top White House aides. The senators said last night they had reached tentative agreement on how to spend about $1 trillion, including about $579 billion

A Move To Limit The Salt Cap

[ad_1] Sanders would partially repeal the SALT cap. Senate Budget Committee chair Bernie Sanders will include a partial repeal of the Tax Cut and Jobs Act’s $10,000 cap on the state and local tax (SALT) deduction in his proposed budget resolution. He has not described details but says the cap likely would remain for high-income

Waiting, Wondering, and Watching | Tax Policy Center

[ad_1] President Biden awaits more details on bipartisan infrastructure bill. The White House continues to support either reconciliation or other legislation to advance its priorities. But it seems to cooling to the still-developing bipartisan Senate plan. White House spokesman Jen Psaki said the bipartisan package lacks sufficient detail, including specifics about how to pay for

Progressives Vie For Attention | Tax Policy Center

[ad_1] If progressives drive bipartisan infrastructure talks off course, where will they go instead? Politico reports on congressional progressive lawmakers who oppose the current bipartisan infrastructure negotiations. Sens. Jeff Merkley and Ed Markey, joined Sen. Bernie Sanders in opposing the nascent plan and insisting any compromise address climate change. Rep. Pramila Jayapal, leader of the

Big Questions, Simple Rejections | Tax Policy Center

[ad_1] Will a trillion dollar infrastructure bill be President Biden’s high-water mark? The latest CQ Roll Call Capitol Insiders Survey of Hill staffers suggests Congress may pass a $1 trillion infrastructure bill… but it may be the last item on Biden’s legislative agenda that makes it through.     What about a one-time tax on

Rates, Research, Refunds, and Revenues

[ad_1] Treasury Secretary Janet Yellen: Higher interest rates would be “a plus.” Yellen tells Bloomberg News that President Biden should push his $4 trillion in new spending, even if it  triggers inflation and higher interest rates that persist into next year. “If we ended up with a slightly higher interest rate environment it would actually

A First Step Toward A Global Minimum Tax

[ad_1] G-7 agrees to a 15 percent  minimum corporate tax framework. The group representing seven major industrialized nations backed the concept of a global minimum corporate tax rate of at least 15 percent. Companies would pay that rate regardless of their country of residence.  Some large companies like Amazon, Facebook, or Google, would pay some