President Biden's 2024 budget would increase the net investment income tax ON INCOMES OVER $400,000 from 3/8% to 5%, to shore up Medicare for the next 25 years.
The net investment income tax was created as part of the Affordable Care Act.
1/4
cnbc.com/2023/03/08/wha…
The net investment income tax was created as part of the Affordable Care Act.
1/4
cnbc.com/2023/03/08/wha…
The budget would reduce the deficit by $3 trillion over the next ten years. It would increase revenue by setting a minimum tax rate on extremely rich people and corporations.
NO taxes are raised on anyone who makes less than $400,000 / year.
2/4
cnbc.com/2023/03/09/bid…
NO taxes are raised on anyone who makes less than $400,000 / year.
2/4
cnbc.com/2023/03/09/bid…
The budget restores the expanded child tax credit, and includes paid family and medical leave, more funding for cancer research and ways to out-compete China, and increases housing opportunities for low-income households.
3/4
cbsnews.com/news/biden-eu-…
3/4
cbsnews.com/news/biden-eu-…
House Republicans are likely to reject most of these priorities, but this sets the tone for the coming 2024 elections, and tells you what you can get if Democrats keep the Senate, reelect Biden, and take back the House.
#BidenDelivers
#DemocratsDeliver
4/4
#BidenDelivers
#DemocratsDeliver
4/4
Typo in the first tweet. The budget proposal would raise the net investment income tax for people with incomes over $400,000 from 3.8% [not 3/8%] to 5%,
• • •
Missing some Tweet in this thread? You can try to
force a refresh
