Biden’s $80 billion plan to beef up IRS audits may target wealthy small business owners

President Joe Biden is asking for $80 billion to help the IRS crack down on tax avoidance from wealthy Americans and big corporations. The proposal seeks a boost in enforcement staffing, technology and additional bank reporting, measures that may generate an estimated $700 billion in tax revenue over the next decade. However, some financial experts… Continue reading Biden’s $80 billion plan to beef up IRS audits may target wealthy small business owners

Biden’s business allies are helping the White House coax the private sector into backing climate change push

President Joe Biden’s allies in the business community have been helping the White House try to coax the private sector into supporting the administration’s climate change agenda. Several business leaders who are working with the White House told CNBC that the effort is a major divergence from what they saw during the Trump administration. For… Continue reading Biden’s business allies are helping the White House coax the private sector into backing climate change push

How Biden’s real estate tax plan may hit smaller property investors

Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax plan aims to help cover the $1.8 trillion American Families Plan, which pumps money into child care, paid family leave and education programs. However,… Continue reading How Biden’s real estate tax plan may hit smaller property investors

STARS AND SCARSYOU BE THE JUDGE

Joe Biden wants to transform America, but there’s a lot of sticker shock, and Ryan Murphy is getting dragged for picking Sarah Paulson to play Linda Tripp because of weight disparity. So we gotta ask .

How Biden’s American Families Plan will affect taxes for the wealthiest Americans

President Joe Biden introduced a $1.8 trillion plan to expand access to child care and education Wednesday night during his first joint address to Congress. To pay for the American Families Plan (AFP), as the White House is calling it, the president has proposed a number of tax changes that would affect the wealthiest American… Continue reading How Biden’s American Families Plan will affect taxes for the wealthiest Americans

Biden to unveil $1.8 trillion plan for children and families — here’s what’s in it

President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials said. Biden will unveil the massive new package less than a month after the White House put forward a sweeping proposal to spend more than $2 trillion over eight… Continue reading Biden to unveil $1.8 trillion plan for children and families — here’s what’s in it

Biden’s 100-day stock market performance is the hottest going back to the 1950s

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had. Better, in fact, than any president before him going back to at least the 1950s and the Dwight Eisenhower administration, as the 46th chief executive has witnessed an unprecedented growth on Wall Street… Continue reading Biden’s 100-day stock market performance is the hottest going back to the 1950s

100 Days: How Biden Has Fared So Far On His Promises

Before being elected president, Joe Biden promised he could accomplish a lot of things in his first 100 days in office. We gathered a number of those priorities here, two days after he was declared the winner of the 2020 election. As we approach the 100-day mark of his presidency, and ahead of his first… Continue reading 100 Days: How Biden Has Fared So Far On His Promises

Biden recognizes atrocities against Armenians in early 20th century as genocide

President Joe Biden on Saturday recognized the killing of 1.5 million Armenians by Ottoman Empire forces in the early 20th century as a genocide, a historic though largely symbolic move that will likely strain already fraught relations with Turkey. Biden’s declaration is a major break from past U.S. administrations, which avoided calling the atrocities genocide… Continue reading Biden recognizes atrocities against Armenians in early 20th century as genocide

Biden to visit UK, Belgium for G-7 and NATO meetings in first overseas trip as president

President Joe Biden will make his first overseas trip as commander-in-chief this June as he heads to the United Kingdom and Belgium for crucial meetings with allied nations, the White House said Friday. This news comes amid Biden’s virtual climate summit with global leaders as he pushes for reductions in greenhouse gas emissions. On Thursday… Continue reading Biden to visit UK, Belgium for G-7 and NATO meetings in first overseas trip as president