Political experts expect the divided Congress will thwart any substantial pro-business tax moves. However, many pundits believe that House Republicans will attempt to make some "positioning moves" that will help them establish a "pro-business agenda" prior to the next presidential election.
Tag: taxes
Some Democrats Want to Tax Big Oil’s Windfall. This Economist Says It Could Backfire (Macro News for June 18, 2022 – June 24, 2022)
Democrats and President Biden are still considering a “windfall profit tax on Big Oil.” However, one economist says the tax could do much more harm than good. Chief economist at Moody’s Analytics, Mark Zandi, stated the tax would create a disincentive for oil companies to continue exploration and produce more oil.
Here’s Who Would Get Hit by Biden’s Proposed Tax Hikes (Macro News for May 1, 2021 – May 7, 2021)
President Joe Biden is looking for various ways to raise money to fund his ambitious agenda. Proposed spending includes legislation geared toward job creation, support for middle class families, and significant spending on US infrastructure.
Job Guarantees and Free Money: ‘Utopian’ Ideas Tested in Europe as the Pandemic Gives Governments a New Role (Macro News for November 28, 2020 – December 4, 2020)
The concept of universal basic income is gaining momentum in Europe. Universal basic income (UBI) is the practice of giving money to everyone in order to provide them with a minimum level of financial support. Proponents of UBI believe the practice would give people greater freedom to switch jobs, retrain for new positions, or engage in creative pursuits.
Pearson Economic News 