loopholes

President Joe Biden speaks about his fiscal 2024 budget proposal at the Finishing Trades Institute in Philadelphia on Thursday, March 9, 2023. (Screen shot from White House feed)

Biden budget asks for 25% tax on billionaires, boosts in domestic and defense spending

BY: - March 9, 2023

WASHINGTON — President Joe Biden’s budget request for the upcoming fiscal year asks Congress to boost funding for defense and domestic programs and levy a 25% minimum tax on billionaires, setting up a significant contrast with House Republicans, who hope to cut spending to last year’s levels and overwhelmingly oppose tax increases.  The president’s budget […]

COMMENTARY
Former President Donald Trump announced on Nov. 15, 2022, that he was seeking another term in office and officially launched his 2024 presidential campaign. (Joe Raedle/Getty Images)

Is Donald Trump’s tax avoidance ethical or honorable?

BY: - December 23, 2022

  The tax records of Donald Trump, details of which were released on Dec. 21, 2022, show the former president used the same aggressive measures to avoid paying high taxes while in office as he did during his business career. Indeed, he paid zero tax in 2020 – the last full year of his presidency […]