Biden signs major climate, health care legislation

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3 thoughts on “Biden signs major climate, health care legislation

  1. I can see why the extra funding for the IRS is getting (and has gotten) so much push back from the GOP. The party of the rich elites, and tax cuts for the rich, and tax cut for rich corporations has been against any kind of funding for the IRS for the last 20 years. Te Republicans have been successfully defining the tax police for a long time and the audit rates for high income tax payers has been steadily declining for years.

    The unfortunate truth is that being underfunded and understaffed for so long, statistics show that some of the recent focus of the IRS shifted to auditing simple returns from lower income individuals with easy to verify W2 income information. This makes for good propaganda, but now with adequate funding we should see that focus shift. We. would all like to see EVERYONE pay their share of taxes, and this seems like a step in the right direction.

    1. Dan M
      If you would like to see everyone pay their fair share of the federal tax burden,
      then broaden the base.
      The bottom 50% of earners pay no federal income taxes and are net takers.
      And not by a little.

      The so called evil rich pay the lions share of the federal income taxes,
      even after accounting for their income levels. They pay much higher percentages.

      As far as the wealthy disproportionately supporting R’s. Not true anymore.
      The wealthy are shy about donating disproportionately to the Dems.
      Think –
      Academia
      New Media organizations
      Unions
      Billionaires
      International Global Corporations
      Hollyweird

      The tax cuts given to our corporations during the Trump years were to bring our
      Corporate tax rates more in line with the other major industrialized countries
      of the world. Second, Corporations pass any taxes they pay on to the consumers.
      Corporations treat taxes as part of the cost of doing business.

      – In my world –
      Everyone would pay federal income taxes from the lowliest to
      the wealthy. It would be the same flat rate for everyone regardless of income.

      Corporate taxes would be 15%.

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