This week, Congress released a revised version of President Biden’s Build Back Better Act and it does not have as many business negatives as the earlier versions, but there’s still plenty to be concerned with. On the positive side of the ledger, the latest version does not contain individual and corporate rated increases, nor Section…
Read More »Notwithstanding that she never won a single primary – losing even her home state – Massachusetts Senator Elizabeth Warren has resurrected the centerpiece of that failed campaign, the Ultra-Millionaire Wealth Tax Act for consideration in the US Senate. Were it to be passed into law, the bill would create an annual tax of 2 percent…
Read More »The class envy is getting deeper and against the backdrop of Senator Elizabeth Warren’s push for a federal wealth tax on assets, state efforts to adopt excise taxes and surcharges on income levels are becoming more pronounced. For 2019 legislative sessions, no fewer than a half dozen states are now seriously entertaining millionaire taxes. New…
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