Tennessee Conservative
G7 Nations Have Indicated They Will Publicly Endorse A New Global Minimum Tax Rate Of 15%. Critics Argue The Plan Will Pass On Costs To Consumers And Sets A Dangerous Precedent For Allowing International Forces To Dictate American Tax Policy.
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The Collapse Of Negotiations Between The White House And Sen. Shelley Moore Capito, On An Infrastructure Deal Raised Concerns That Biden’s Proposed Tax Increases Could Regain Footing, But Lawmakers Wednesday Indicated That Likely Wouldn’t Be The Case.
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Ahead Of The G-7 Summit In The United Kingdom, A Recently Announced Agreement For A Global Minimum Corporate Tax Between The Biden Administration And Six Other Leading World Economies Is Facing Sharp Opposition From Republicans In The U.S.
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President Joe Biden Unveiled A Series Of New Measures Monday In An Attempt To Boost Hiring After Economic Data From The Month Of April Showed A Spike In Unemployment Filings.
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Newly Released Economic Data Show The Economy Is Experiencing Accelerated Growth, Potentially Signaling A Rebound From The Economic Downturn Caused By The Pandemic, But Critics Warn Proposed Tax Hikes Could Stifle That Growth.
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Tennessee’s Average Tax Refund Ranks As The 19th Highest Among All 50 States And Is Lower Than The Average Refund Amount Of $3,709 Nationwide. This Figure Includes Not Just Personal Income Tax Returns, But Also Corporate Taxes, Estate Taxes, And More.
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Biden Has Proposed Increasing The Corporate Tax Rate From 21% To 28%, Reinstating The Corporate Alternative Minimum Tax, Increasing The Top Individual Tax Rate, And Amending Several Other Aspects Of The Tax Code.
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Part Of A New Economic Policy Initiative By Tim Burchett Is The Opportunity Zone Extension Act Of 2021, Which Would Add Two Years To The Current Opportunity Zones Program, Giving More Time For Investment In Communities Impacted By The Coronavirus Pandemic.
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The “Made In America Tax Plan,” Focuses On Raising Taxes On Corporations And Preventing Them From Moving Profits Overseas. The Plan Claims To Raise $2.5 Trillion Over 15 Years But the Tax Hike Has Raised Concerns From Economists, Republicans And Some Democrats.
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Biden Has Unveiled a $2 Trillion Infrastructure Spending Proposal Called The “Build Back Better” Plan Labeled A “Liberal Wish List” By Some, While Others Say Plan Does Not Have A High-Enough Dollar Amount.
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