Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured historic legislation to make our…
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FACT SHEET: The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share
Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured historic legislation to make our…
The DAME Tax: Making Cryptominers Pay for Costs They Impose on Others
Last month, the President released his Budget for Fiscal Year 2024, building on progress over the past two years to make critical investments to grow the economy, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit.
One new proposal in this year’s Budget, the Digital Asset Mining Energy (DAME) excise tax, is an example of the President’s commitment to addressing both long-standing national challenges as well as emerging risks – in this case, the economic and environmental costs of current practices for mining crypto assets (cryptomining, for short)…
FACT SHEET: Climate and Energy Implications of Crypto-Assets in the United States
Climate change is one of the most pressing problems confronting our nation and our world, and President Biden has taken bold steps to address it with legislation and policy. Among the President’s commitments are: protecting communities from pollution, reducing greenhouse gas emissions by 50% by 2030, achieving a carbon pollution-free electricity grid by 2035, and…
FACT SHEET: The President’s Budget Cuts the Deficit by $3 Trillion Over 10 Years
President Biden believes that investing in America, growing the economy from the middle out and bottom up, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for working families and the economy; it…
FACT SHEET: The President’s Budget Cuts the Deficit by $3 Trillion Over 10 Years
President Biden believes that investing in America, growing the economy from the middle out and bottom up, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for working families and the economy; it…
FACT SHEET: The President’s Budget Cuts Wasteful Spending on Big Pharma, Big Oil, and Other Special Interests, Cracks Down on Systemic Fraud, and Makes Programs More Cost Effective
The President’s FY 2025 Budget lays out President Biden’s plan to lower costs for families, invest in America and the American people, uphold the President’s commitment to protecting and strengthening Medicare and Social Security, and reduce the deficit. Alongside major reforms to the individual and corporate tax codes to ensure that the wealthy and big…
FACT SHEET: The President’s Budget Cuts Wasteful Spending on Big Pharma, Big Oil, and Other Special Interests, Cracks Down on Systemic Fraud, and Makes Programs More Cost Effective
The President’s FY 2025 Budget lays out President Biden’s plan to lower costs for families, invest in America and the American people, uphold the President’s commitment to protecting and strengthening Medicare and Social Security, and reduce the deficit. Alongside major reforms to the individual and corporate tax codes to ensure that the wealthy and big…
FACT SHEET: The President’s Budget Cuts the Deficit by Nearly $3 Trillion Over 10 Years
President Biden believes that investing in America, growing the economy from the bottom up and middle out, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for the economy; it will also lead…
FACT SHEET: The President’s Budget Cuts the Deficit by Nearly $3 Trillion Over 10 Years
President Biden believes that investing in America, growing the economy from the bottom up and middle out, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for the economy; it will also lead…
