• Biden Calls for Increase in Taxes on the Rich

    As President Joe Biden visited Scranton, Pennsylvania, on Tuesday, he called for an increase in taxes on the rich.

  • Joe Biden Just Promised America A Massive Tax Hike

    Joe Biden says he will let Donald Trump's across-the-board $2 trillion tax cut expire. That would mean the biggest tax increase in history.

  • Tax cuts for the rich are a bad deal for corporate elites—and everyone else

    Donald Trump is offering a corrupt deal to America’s wealthy elites: He’ll give them tax cuts and deregulation if he’s elected to a second term, even though he’s signaled that he intends to govern as an autocratic leader unrestrained by the rule of law. That would be a deal with the devil that’s likely to end badly for everyone—even the corporate elite, many of whom remain in a state of denial about Trump. Daniel Ziblatt, director of Harvard’s Center for European Studies, has studied what...

  • Biden: Tax cuts "are going to stay expired and dead forever if I'm re-elected."

    Biden announces intention to break his $400k tax pledge Today President Biden said that if elected to a second term he will make sure the Trump tax cuts expire next year. The Trump tax cuts — the Tax Cuts and Jobs Act — successfully reduced taxes for all income groups. In contrast to the tax-hiking […]

  • Trump wants tax cuts for the rich. Biden's making sure voters know it

    Talking about tax policy is one of the best ways for President Joe Biden to create a contrast with Donald Trump on who will fight for average Americans. As Trump told a group of wealthy campaign donors earlier this month, one of his signature issues if elected president in November will be extending the tax cuts Republicans enacted during his term in 2017—which overwhelmingly benefited wealthy Americans. There's no audio of the statement, but it echoes comments Trump made last year during a...

  • The UK can cut taxes AND increase defence spending, Rishi Sunak says as he insists the economy is strong enough

    The Prime Minister dismissed claims from Labour that his dramatic pledge to spend an extra £75 billion on defence by the end of the decade was not fully funded.

  • Kevin O'Leary Rips Biden Tax Agenda: ‘The More He Taxes, the Less Growth There Will Be’

    Shark Tank star Kevin O’Leary, aka “Mr. Wonderful” panned President Joe Biden’s new tax plan, suggesting that the president would damage the country in the same way that many Democrats have broken their states. O’Leary pointed out the negative impact of high taxes on states and countries during the April 16 edition of Fox News’s Your World with Neil Cavuto. “The minute you really start raising taxes and they become uncompetitive either at the state level, you see everybody leaving New York and...

  • Kevin O'Leary Rips Biden Tax Agenda: ‘The More He Taxes, the Less Growth There Will Be’

    Shark Tank star Kevin O’Leary, aka “Mr. Wonderful” panned President Joe Biden’s new tax plan, suggesting that the president would damage the country in the same way that many Democrats have broken their states. O’Leary pointed out the negative impact of high taxes on states and countries during the April 16 edition of Fox News’s Your World with Neil Cavuto. “The minute you really start raising taxes and they become uncompetitive either at the state level, you see everybody leaving New York and...

    • KITCO

    Biden's 2025 Budget proposal seeks to tax capital gains at 45%, eliminate crypto tax loopholes

    The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

  • Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922

    And don’t forget to add the state capital gains tax: the Biden combined federal-state rate would exceed 50% in many states President Biden has formally proposed the highest capital gains tax in over 100 years. Here is a direct quote from the Biden 2025 budget proposal: “Together, the proposals would increase the top marginal rate

  • Biden calls for middle-class tax hike

    President Joe Biden has repeatedly said he won’t hike taxes on anyone earning less than $400,000, but then this week he promised on X to hike taxes on just about everyone. Now, to be fair, Biden may not have understood that’s what he’s saying. Letting the Tax Cuts and Jobs Act expire and “stay expired” […]

  • Tax loopholes for Biden’s billionaire buddies

    President Joe Biden wants voters to believe his tax plans take from the rich to give to the poor, but in reality they rob us all to pay off the millionaires and billionaires who bankroll today’s Democratic Party. “Taxes,” Biden said in hardscrabble Scranton, Pennsylvania, on Tuesday, where he returned to pretend he isn’t a money-larded creature […]