Budget, Tax and Economy

The top 5% could come out ahead when higher taxes are offset by unlimited state and local tax deductions.
“Every sensible revenue option seems to be destroyed,” Sen. Bernie Sanders complained Wednesday.
Kyrsten Sinema is far from the only Democratic obstacle to the party’s original tax plan.
It’s a risky gambit ― and one that could easily backfire.
The effort to target Rep. Ed Case is another sign that the left is taking a proactive approach to passing key bills.
Senators unveiled new proposals Friday targeting stock buybacks and partnership income.
The American Rescue Plan includes $1,400 direct payments, $300 weekly unemployment benefits until September and hundreds of billions of dollars in aid.
More than $63 billion has been paid out improperly through fraud or errors, according to the Labor Department inspector general’s office.
The job market’s persistent weakness is fueling President Joe Biden’s push for a $1.9 trillion economic rescue package.
Last week’s total dropped from 812,000 the previous week, the Labor Department said Thursday, and is the lowest in two months.