Category: Legislation

Biden’s new taxes won’t cover deficit

For over a year, as a candidate and President, Biden has repeatedly said that tax increases needed to pay for what has turned out to be his staggering multi-trillion dollar deficit spending would be only Bernie Sanders-type tax increases, only on the rich and the big corporations. But the New York Times reported ahead of the budget release that it will include a large, direct tax increase on middle class America as well.

Paycheck protection tax dead

The Vermont Senate Finance Committee included language repealing a provision of a law passed earlier this session that would have subjected forgiven 2021 PPP-Paycheck Protection Program loans to Vermont income tax.