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Biden to propose tax hike on highest earners to fund Medicare
Aggregate Demand and Supply

Biden to propose tax hike on highest earners to fund Medicare

March 8, 2023 TheCuriousEconomist Aggregate Demand and Supply, Economic News, Government Policy, Market Failure, The Labour Market Comments Off on Biden to propose tax hike on highest earners to fund Medicare

President Biden is expected to announce a plan this week to increase tax for those earning over $400,000 a year. The revenue raised from the tax will be spent on extending Medicare, a federal insurance […]

Curious?

Global Wealth Tax: A Potential $2 Trillion Boost for Climate Action

August 20, 2024 TheCuriousEconomist Curious?, Economic News, Government Policy, Macro, The Global Economy Comments Off on Global Wealth Tax: A Potential $2 Trillion Boost for Climate Action

Governments worldwide could raise over $2 trillion by adopting Spain’s wealth tax model, according to the Tax Justice Network. This additional revenue could play a crucial role in funding climate transition initiatives. The concept of […]

Consumer and Business Behaviour

Kentucky Bourbon Industry Braces for Potential 50% EU Tariff

December 11, 2023 TheCuriousEconomist Consumer and Business Behaviour, Economic News, Government Policy, Supply and Demand, The Global Economy Comments Off on Kentucky Bourbon Industry Braces for Potential 50% EU Tariff

Kentucky’s renowned bourbon industry is under threat of a substantial 50% tariff on exports to the European Union. This looming tariff, a potential outcome if the Biden Administration and EU do not finalize a trade […]