54.4 F
Los Angeles
Thursday, March 28, 2024

Trump Lawyer Resigns One Day Before Trial To Begin

Joseph Tacopina has filed with the courts that he will not represent Donald J. Trump. The E. Jean Carroll civil case is schedule to begin Tuesday January 16,...

Judge Lewis A. Kaplan Issues Order RE Postponement

On May 9, 2023, a jury found Donald J. Trump liable for sexual assault and defamation. The jury awarded Ms. Carroll $5 million in damages. Seven months ago,...

ASUS Announces 2023 Vivobook Classic Series

On April 7, 2023, ASUS introduced five new models in the 2023 Vivobook Classic series of laptops. The top laptops in the series use the 13th Gen Intel® Core™...
US & WorldPoliticsSenator Manchin Open To A Billionaire Wealth Tax

Senator Manchin Open To A Billionaire Wealth Tax

According to the Washington Post, Senator Manchin (D) from West Virginia has stated his support for a billionaire wealth tax in the Build Back Better plan in a letter to the White House. The letter also included a list of spending and revenue proposals that he supports.

Senator Manchin criticized the wealth tax in October. The House version of the legislation did not include a wealth tax on billionaires. Sen. Kyrsten Sinema (D) from Arizona has stated she has concerns regarding taxation plans.

The article relies on anonymous sources.

The text for the House version is available online. The CBO released a cost estimate based on ten years of spending. There is proposed spending includes $1,270,000,000 for states to help rebuild schools that sunsets in 2025.

Critics site an approximate 2 trillion dollars of spending as excessive. Proponents cite the House and Senate overwhelmingly approved a military budget 4 times the size of this spending bill.

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

Latest news

Related news