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Nov 29, 2021SUBSCRIBE NOW

House Chairman Says ‘Billionaire Income Tax’ Is Out

Score one for the billionaires—maybe. The chairman of the House Ways and Means Committee, Rep. Richard Neal (D-MA), reportedly declared that a proposed wealth tax on the richest Americans has been scrapped from negotiations in the ongoing spending bill debate.
1 month ago|Washington, United States

BIAS COVERAGE DISTRIBUTION

9 of these news sources are bias rated
4 are CENTER
L 22%
C 45%
R 33%
The Daily Beast
Bloomberg
Reuters
Business Insider
Political Wire
Axios
+1
National Post
Washington Examiner
OAN
ALL ARTICLES
Yahoo News
Yahoo News

Billionaire tax proposal dies without Manchin's support

Democrats' short-lived dream of a special tax for billionaires was extinguished today by Sen. Joe Manchin.Driving the news: The West Virginia Democrat doesn't oppose taxing billionaires, but said he's not OK with singling them out.Get market news worthy of your time with Axios Markets. Subscribe for free.Instead, he suggested everyone should have to pay taxes on at least some of their income, reports Axios' Hans Nichols.The big picture: Under th…

1 month ago|Los Angeles, United States
Reuters
ReutersC

Top House tax writer says billionaires' proposal out of Biden plan -Bloomberg

WASHINGTON - A proposal to tax the assets of billionaires is now out of consideration as a way to pay for President Joe Biden's social spending and climate plan, U.S. House Ways and Means Chairman Richard Neal said on Wednesday, according to Bloomberg News. House lawmakers are instead discussing a 3% surtax - on top of the top income rate - for those earning more than $10 million, Neal

1 month ago|United Kingdom
Washington Examiner
Washington ExaminerR

Democratic billionaires tax on the rocks just hours after it was unveiled

A Democratic proposal to tax the unrealized gains of billionaires is in danger of dying the same day it was proposed.

1 month ago|Washington, United States
OAN
OANR

Top House tax writer says billionaires’ proposal out of Biden plan -Bloomberg

October 27, 2021WASHINGTON (Reuters) – A proposal to tax the assets of billionaires is now out of consideration as a way to pay for President Joe Biden’s social spending and climate plan, U.S. House Ways and Means Chairman Richard Neal said on Wednesday, according to Bloomberg News.House lawmakers are instead discussing a 3% surtax – on top of the top income rate – for those earning more than $10 million, Neal said, according to Bloomberg. (…

1 month ago|San Diego, United States
National Post
National PostR

Top House tax writer says billionaires' proposal out of Biden plan -Bloomberg

WASHINGTON — A proposal to tax the assets of billionaires is now out of consideration as a way to pay for President Joe Biden’s social spending and climate…

1 month ago|Canada
Business Insider
Business InsiderC

Democrats ditch billionaires' tax proposal after just 1 day, says top tax writer in the House

The proposal that would target hundreds of billionaires has been axed, House Ways and Means Chairman Richard Neal told Bloomberg.

1 month ago|United States
Political Wire
Political WireC

Top Democrat Spikes Billionaire Tax

House Ways and Means Chair Richard Neal (D-MA) said "a proposal to put a levy on the assets of billionaires has been dropped in negotiations over revenue measures to pay for President Joe Biden’s social-spending bill," Bloomberg reports."The House is discussing with the Senate instead inclusio

1 month ago|New York, United States
Bloomberg
BloombergL

Top House tax writer says billionaires' proposal out of Biden plan -Bloomberg

1 month ago|United States
The Daily Beast
The Daily BeastL

House Chairman Says ‘Billionaire Income Tax’ Is Out

The wealth tax would have raised hundreds of billions of dollars to fund Biden’s agenda.

1 month ago|United States
Axios
AxiosC

Billionaire tax proposal dies without Manchin's support

Under the plan, billionaires would have been taxed at 23.8% on their capital gains, whether realized or not.

1 month ago|Washington, United States
COVERAGE DETAILS

BIAS COVERAGE DISTRIBUTION

9 of these news sources are bias rated
4 are CENTER
L 22%
C 45%
R 33%
The Daily Beast
Bloomberg
Reuters
Business Insider
Political Wire
Axios
National Post
Washington Examiner
OAN
Total News Sources10Leaning Left2 sourcesLeaning Right3 sourcesCenter4 sourcesLast Updated1 month ago
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