InvestorsHub Logo
Followers 10
Posts 4908
Boards Moderated 0
Alias Born 01/21/2012

Re: None

Thursday, 04/22/2021 4:58:43 PM

Thursday, April 22, 2021 4:58:43 PM

Post# of 37919
Biden Plans Capital Gains Tax Hike To Help Finance $1.5 Trillion "Human Infrastructure" Package : https://www.zerohedge.com/political/biden-plans-capital-gains-tax-hike-help-finance-15-trillion-human-infrastructure-package

My Comment : The government can hand out free money like candy and then take everything you've got through taxes. An example of wasteful spending is the $1400 stimulus checks some friends and I received from the IRS when our gross incomes are well over $100K.

Excerpts:
The second phase of Biden's sweeping "Green New Deal"-inspired program centers on what administration officials call "human infrastructure".

Should it pass in its current form, it would entail spending hundreds of billions of dollars on universal pre-kindergarten, expanded subsidies for child care, a national paid leave program for workers and free community college tuition for all.

All told with tax credits and spending, the plan is expected to cost $1.5 trillion. When combined with the $2.25 trillion "American Jobs Plan", the total cost of the overhaul is slated at just below $4 trillion.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.