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The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
Last week the White House unveiled a "Build Back Better" program designed to help small businesses compete in the aftermath of the COVID-19 pandemic. The plan is heavy on tax reform and also ...
In September, Harris unveiled a small business plan built around a $50,000 tax credit for small businesses with an overall goal of outpacing Biden and spurring 25 million new small business ...
The Treasury Department said on Thursday its new analysis shows 97% of small business owners will not see an income tax increase under President Biden's tax plan.
[78] Obama's running mate Joe Biden argued that the vast majority of small businesses are smaller than Wurzelbacher's. [79] In an interview the day after the debate, [80] Wurzelbacher said Obama's tax plan wouldn't affect him right now, because he doesn't make $250,000. He also indicated to reporters that he was a conservative, a fan of the ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
Vice President and Democratic presidential nominee Kamala Harris on Wednesday unveiled a vastly expanded $50,000 tax benefit for new small businesses and a lower long-term capital gains tax than ...
Obama's running mate Joe Biden argued that 98% of small businesses take in less than $250,000 a year in income and thus wouldn't be subject to higher taxes under Obama's plan. McCain stated that Wurzelbacher would see higher taxes under Obama's plan. [17]