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Tag Archives: biden

What Student Loan Borrowers Should Know About the ’23 Tax Season

This tax season might look a little different for student loan borrowers across the country for 2023. Biden’s plan for the cancellation of up to $20,000 in student debt for millions of Americans has been on hold because the supreme … Continue reading

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Biden’s Budget – Capital Gains Rates Reaching Nearly 45%

The Biden administration has recently made a proposition for several tax increases to America’s highest-earning individuals. These proposals were part of President Biden’s annual budget request that he presents to congress.… Continue reading

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Biden to Propose Taxing America’s Wealthiest, 25%

US President Joe Biden will make a call to Congress to impose a minimum tax on billionaires as part of several proposed tax hikes on the country’s wealthiest individuals and corporations. The minimum tax imposed would be 25%. The proposed … Continue reading

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Senator Manchin Says He Will Not Approve Biden’s Pick for IRS Commissioner

Last week, Joe Manchin who is a Democrat and West Virginia senator announced that he will not approve the president’s nomination for commissioner of the Internal Revenue Service. According to Manchin, one of the biggest reasons he is voting against … Continue reading

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Biden’s $10B Credit for Clean-Energy Makers Back in the Works

Clean-energy manufacturers across the United States are rejoicing, as the Biden Administration is beginning to restart an extremely popular tax credit. As part of the Inflation Reduction Act, manufacturers of wind turbines, solar panels, fuel cells and other energy efficient … Continue reading

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SOTU: Biden Calls for Higher Taxes on Corporations and Wealthy

When the President addressed the great nation last week, one thing that was brought up several times was higher taxes on big corporations and wealthy individuals. There were several instances when the president urged Congress to approve measures that would … Continue reading

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Supreme Court Seems Likely to “Dismantle” Student Loan Forgiveness Plan

Earlier this year, President Biden announced his plan to cancel up to $20,000 in federal student loan debt for qualified students. This was a monumental decision because of the millions of people across the country who suffer from over $1.6 … Continue reading

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Biden Addresses Oil Firms – Says He Will Seek Tax on “Windfall” Profits

As the midterm elections are among us, U.S. Gas prices are still extremely high. To address this problem, President Biden stated that he is seeking to charge more taxes on certain oil companies. The oil companies that he seeks … Continue reading

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Some States have Already Announced Whether or Not they Will Tax Student Loan Forgiveness

Recently, President Joe Biden announced his plans to cancel some student loan debts for millions of Americans across the country. Most borrowers making less than $125,000 per year or $250,000 for married couples filing jointly will qualify for $10,000 in … Continue reading

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Biden to Give Partial Student Loan Forgiveness

Earlier this week, big news swept the nation as President Biden announced his plans regarding student loan forgiveness. Loan forgiveness was a campaign promise that Biden spoke about when he was making his 2020 presidential run. Although this is … Continue reading

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