In the middle of the mid-term elections of November, which are very difficult for Democrats, the measure, supposed to report $ 360 billion over ten years, has little chance of being adopted.
by
There is the information that draws attention, that of taxing billionaires. Joe Biden, sending, Monday, March 28, to the Congress his budgetary wishes for the annual fiscal year that will open in October 2022, reiterated his request to charge taxes to the richest.
Technically, the measure plans to tax, up to 20%, all revenues, including latent capital gains, people whose fortune exceeds $ 100 million (91 million euros). The measure would concern 20,000 households, or 0.01% of Americans. It is by never selling the actions of their group that entrepreneurs like Elon Musk or Jeff Bezos have reached, some years, not to pay any federal tax. On the other hand, when they sell, the taxes fly away, as Experienced ELON MUSK, who will acquit, in 2021, the highest amount ever paid by an individual. “For those who wonder, I will pay more than $ 11 billion in taxes this year,” Tesla and Spacex tweeted, at the end of December, 2021.
This measure is of the same auction that a proposal formalized by the congressional democrats, in the fall of 2021, but which had been torpedoed by the centrists. In the middle of the November’s mid-term campaign, which are very difficult for Democrats, the measure, supposed to report $ 360 billion over ten years, is unlikely to be adopted. It certifies, however, of an increasingly important concern, that of adopting a more equitable tax.
“biden bows before the political reality”
But the new budget is elsewhere: Joe Biden makes “fiscal responsibility” one of his “values” central. This conviction involves a reduction in deficits. These should decline by 12.4% of the gross domestic product (GDP) into 2021, year of the post-COVID recovery plan, at 5.8% in 2022. The decrease continues in 2023, with a reduced deficit to 4 , 5% of national wealth. Certainly, the White House goes on optimistic growth hypotheses (3.8% and 2.5% in 2022 and 2023, compared with 2.8% and 2.2% provided for by the Federal Reserve, the US Central Bank), But the tone, that of orthodoxy, is given.
Second “value” of Mr. Biden, “security”, whether inner or external. Failure to adopt by Congress its social and ecological stimulus plan, Mr. Biden has made significant gestures to centrist and non-registered voters. “With a lean budget to the center, biden bows in front of the political reality,” comments on the New York Times.
You have 34.18% of this article to read. The rest is reserved for subscribers.