Biden’s $5.8 Trillion Budget Would Hike Taxes on the Wealthiest

Bloomberg2022-03-29

President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats on Monday, with a proposal that emphasized deficit reduction, additional funding for police and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ACCY
2022-03-29
ACCY
For show only. Pls do fact check before believing everything they say. By that, dont rely on mainstream news cos they only report what they want you to believe 😏
ACCY
2022-03-29
ACCY
Hike on taxes on the wealthiest, yet the poor suffer the greatest. C'mon. We aren't born yesterday 🙄
US_watchlist
2022-03-29
US_watchlist
Please like and comment. Thanks
romanc9
2022-03-29
romanc9
Hope the market will spin off to great height with this aid package.
Shawrac
2022-03-29
Shawrac
Interesting
WilKoh
2022-03-29
WilKoh
5

Leave a comment

470

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114033478?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-29 08:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114033478","market":"us","top_or_hot":-1,"title":"Biden’s $5.8 Trillion Budget Would Hike Taxes on the Wealthiest","media":"Bloomberg","content":"<div>\n<p>President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats on Monday, with a proposal that emphasized deficit reduction, additional funding for police and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-03-28/biden-pitches-5-8-billion-budget-with-plan-for-record-tax-hike\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden’s $5.8 Trillion Budget Would Hike Taxes on the Wealthiest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden’s $5.8 Trillion Budget Would Hike Taxes on the Wealthiest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-29 08:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-03-28/biden-pitches-5-8-billion-budget-with-plan-for-record-tax-hike><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats on Monday, with a proposal that emphasized deficit reduction, additional funding for police and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-03-28/biden-pitches-5-8-billion-budget-with-plan-for-record-tax-hike\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-03-28/biden-pitches-5-8-billion-budget-with-plan-for-record-tax-hike","article_id":"1114033478","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114033478","pubTimestamp":1648513011,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats o","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"translate_title":"拜登的5.8万亿美元预算将对最富有的人增税","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":0.9,".SPX":0.9},"content_text":"President Joe Biden unveiled a $5.8 trillion budget request designed to appease moderate Democrats on Monday, with a proposal that emphasized deficit reduction, additional funding for police and veterans, and flexibility to negotiate new social spending programs.Congress historically sets presidential budgets aside, and razor-thin Democratic majorities mean most proposals stand a slim chance of passing -- but they do form a key messaging device. The White House included measures that would add up to the biggest tax increase in history in dollar terms, helping stabilize deficits relative to the size of the economy.The 2023 budget calls for $1.598 trillion in so-called discretionary spending -- areas that aren’t linked with mandatory programs like Social Security -- with $813 billion for defense-related programs and $769 billion for domestic spending.That marks a 5.7% increase from the omnibus spending bill for the 2022 fiscal year that was signed by Biden earlier this month. The budget would reduce deficit spending by $1 trillion over the coming decade, buoyed by the elimination of pandemic assistance programs, but with shortfalls averaging 4.7% of GDP over a decade, the national debt continues to climb.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9019398732,"gmtCreate":1648523456263,"gmtModify":1676534349964,"author":{"id":"3579758808989513","authorId":"3579758808989513","authorIdStr":"3579758808989513","name":"ACCY","avatar":"https://static.tigerbbs.com/a44626552831eb06aa01cf85dcaf7422","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579758808989513"},"htmlText":"For show only. Pls do fact check before believing everything they say. By that, dont&nbsp;rely on mainstream news cos they only report what they&nbsp;want&nbsp;you to believe 😏","listText":"For show only. Pls do fact check before believing everything they say. By that, dont&nbsp;rely on mainstream news cos they only report what they&nbsp;want&nbsp;you to believe 😏","text":"For show only. Pls do fact check before believing everything they say. By that, dont rely on mainstream news cos they only report what they want you to believe 😏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019398732","repostId":1114033478,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019391114,"gmtCreate":1648523137918,"gmtModify":1676534349925,"author":{"id":"3579758808989513","authorId":"3579758808989513","authorIdStr":"3579758808989513","name":"ACCY","avatar":"https://static.tigerbbs.com/a44626552831eb06aa01cf85dcaf7422","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579758808989513"},"htmlText":"Hike on taxes on the wealthiest, yet the poor suffer the greatest. C'mon. We aren't born yesterday 🙄","listText":"Hike on taxes on the wealthiest, yet the poor suffer the greatest. C'mon. We aren't born yesterday 🙄","text":"Hike on taxes on the wealthiest, yet the poor suffer the greatest. C'mon. We aren't born yesterday 🙄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019391114","repostId":1114033478,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019941572,"gmtCreate":1648518934317,"gmtModify":1676534349078,"author":{"id":"3581244873474125","authorId":"3581244873474125","authorIdStr":"3581244873474125","name":"US_watchlist","avatar":"https://static.tigerbbs.com/c45e6bbe1cefb0fecde067a20b3c788f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581244873474125"},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019941572","repostId":1114033478,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019941621,"gmtCreate":1648518927509,"gmtModify":1676534349075,"author":{"id":"4102495020619380","authorId":"4102495020619380","authorIdStr":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380"},"htmlText":"Hope the market will spin off to great height with this aid package.&nbsp;","listText":"Hope the market will spin off to great height with this aid package.&nbsp;","text":"Hope the market will spin off to great height with this aid package.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019941621","repostId":1114033478,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019943945,"gmtCreate":1648518734632,"gmtModify":1676534349039,"author":{"id":"4096363831830380","authorId":"4096363831830380","authorIdStr":"4096363831830380","name":"Shawrac","avatar":"https://community-static.tradeup.com/news/4b57d6b0577b4a1a6c2ad29fb9cfe92f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4096363831830380"},"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019943945","repostId":1114033478,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9019940325,"gmtCreate":1648518419038,"gmtModify":1676534348987,"author":{"id":"3581476554875043","authorId":"3581476554875043","authorIdStr":"3581476554875043","name":"WilKoh","avatar":"https://static.tigerbbs.com/361eba2ae11ac6c3003fa8380c9f0705","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581476554875043"},"htmlText":"5","listText":"5","text":"5","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019940325","repostId":1114033478,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":470,"commentSize":45,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114033478"}