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Joe Biden The New President Thoughts So Far?

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Posted (edited)
5 hours ago, West 77 said:

Trump was notorious for using his business skills to find the right people to get projects done under budget. 

Yeah... he doesn't pay 'em, or they end up in prison! :P

 

Edited by Magilla

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On 04/04/2021 at 16:44, the_bloke said:

He's just got to tickle along doing what he is told by his advisors until he can step down mid term claiming a medical condition so Kamala Harris can take over. 

And here am I thinking that I was the only one that  thought that . Glad to see I am not alone 

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3 hours ago, butlers said:

A billion is an obscene amount of money.

 

Interestingly Jeff Bezos has backed Biden plan of an increase in corperate taxation for infrastructure funding.

 

I've found a message from Jeff and a link to the story:

 

https://www.aboutamazon.com/news/policy-news-views/a-message-from-jeff-bezos

 

Amazon founder and CEO shares a statement in support of investment in American infrastructure.

 

"We support the Biden Administration’s focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make this happen. We recognize this investment will require concessions from all sides—both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate). We look forward to Congress and the Administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness."

 

- Jeff Bezos, founder and CEO, Amazon

 

 

 

https://www.theregister.com/2021/04/07/bezos_amazon_backs_us_tax_increases/

 

Jeff Bezos supports US tax rise after not paying it for two years – and paying tiny amount in 2019

Expresses fondness for Biden administration infrastructure plan that would help parcels be delivered faster and boost broadband speeds

 

Amazon CEO Jeff Bezos has said he supports increasing corporate tax rates after receiving criticism, yet again, from US President Joe Biden.

 

The reference to the Biden administration's infrastructure plans doesn't mention that the President plans to find some of his planned $2 trillion by increasing corporate tax rates from 21 to 28 per cent.

 

A rate of 28 per cent would place US corporate tax halfway between current rates and the pre-2017 rate of 35 per cent. To prevent multinationals from simply fleeing to tax havens, Biden has also advocated increasing the global minimum tax to 21 per cent.

 

The infrastructure plan allocates $621bn into transportation including bridges, roads, airports and ports, plus billions to improve broadband. Amazon stands to benefit considerably from such measures.

 

Biden has long been critical of Bezos's conglomerate on matters such as unions, which Amazon vehemently opposes, and taxes, which Amazon seemingly now accepts must rise.

 

Amazon paid exactly zero dollars in federal taxes in 2017 and 2018, thanks to use of legitimate deductions that allowed it to reduce its liabilities. Changing the rate of company tax would therefore not necessarily mean Amazon pays more, although in 2019 the company paid $162m of federal income taxes on $13.9bn pre-tax income revenue, deferring $914m. The tax it has paid accounts for 1.2 per cent of 2019 pre-tax income, a far lower rate than most workers or corporations ever pay.

 

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I've read that Biden is actively trying to secure agreement for a global minimum corporation tax rate. If he pulls that off, it will be one of the most progressive achievements of any politician in recent times.

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Also 500,000 more people have signed up to the ACA and now have health insurance.

 

Biden has also reinstated $200 million in aid to the Palastinians that the Trump admin cut.

 

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3 hours ago, Delbow said:

I've read that Biden is actively trying to secure agreement for a global minimum corporation tax rate. If he pulls that off, it will be one of the most progressive achievements of any politician in recent times.

why on earth or how on earth you can enforce a global minimum corporation tax rate? the man is deluded, why should companies be held to account for government financial inadequacies.

2 hours ago, butlers said:

Also 500,000 more people have signed up to the ACA and now have health insurance.

 

Biden has also reinstated $200 million in aid to the Palastinians that the Trump admin cut.

 

again why on earth send money to a wholly terror led viewpoint?

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Posted (edited)
48 minutes ago, ab6262 said:

why on earth or how on earth you can enforce a global minimum corporation tax rate? the man is deluded, why should companies be held to account for government financial inadequacies.

https://www.newsplate.org/2021/04/06/biden-administration-calls-for-global-minimum-corporate-tax-rate/

 

He can do it unilaterally for US companies by changing tax law so that a US company paying less than US corporation tax abroad  (e.g. Google paying 12.5% in Ireland) would have to pay the difference to the IRS (so Google in Ireland would pay 8.5% to the IRS on top of the 12.5% to Ireland). So he's not deluded.

 

He's working with the G20 to secure a global framework involving the other leading economies. He might pull that off, or he might not. Neither you or I know which it will be.

Edited by Delbow
Bit of a cockup on the spelling and grammar front

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Funny enough only yesterday one of Trump's lead economic advisors said he was for the increase in the Corporate tax saying they had gone too far with the  previous

cut.

Larry Kudlow was on Trump's 

National Economic Council.

 

Theres less room to move but there's a Press Conference from the President today on gun regulation.

A majority of gun owners favour more gun regulation, 

 

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American citizens working abroad still have to pay thier taxes to the IRS on earnt income.

 

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It would appear that Mr Biden is going to do what he can to  change the gun laws. See Sky news etc.

 

Yes  I know it is a massive hurdle, but I have the greatest respect for this idea. 

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4 hours ago, Janus said:

It would appear that Mr Biden is going to do what he can to  change the gun laws. See Sky news etc.

 

Yes  I know it is a massive hurdle, but I have the greatest respect for this idea. 

Biden will have an right uphill struggle on this one especially the southern states who don't take kindly to such an change in the law 

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Texas Governor has spoke out against regulation.

 

1 hour later, 6 shot ,I believe all six critical  in Texas.

 

Just another normal US day.

Gun deaths in 19/20 hit record high of 37,000 

 

Was 54 in UK

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