Coloradans overwhelmingly voted “yes” on Proposition FF, which expands its universal free school meals program by limiting deductions on earners making over $300,000.
The 2021 federal income tax returns for President Joe Biden and Vice President Kamala Harris, as well as their spouses, were revealed by the White House on Friday. According to a tax analysis, Harris and the Second Gentleman Douglas Emhoff donated less than half the average charity for earners at their level of wealth.
“It’s going to cost nothing,” President Biden said of the Democrats’ massive $3.5 trillion spending binge, which House Speaker Nancy Pelosi is scrambling to pass this week.
The U.S. income tax system is “very progressive,” and it’s increasingly taking on the role of providing social benefits to households, according to the Tax Foundation.
President Joe Biden wants higher taxes for big corporations and high earners to “support investments in the U.S. economy” as well as tax relief to ensure that low-income and middle-class families “are not paying more than their fair share,” a top White House economic aide said Tuesday.
