From "no tax on tips" to Social Security, Donald Trump has made a range of promises about the taxes Americans will pay. We take a look at three changes we could see in the months ahead.
Massachusetts voters approved the Fair Share Amendment in November. It places a 4% tax on incomes above $1 million, in addition to the state's standard income tax of 5%.
Georgia Gov. Brian Kemp says he will spend up to $1.2 billion on payments of $350 apiece to poorer Georgians. More than 3 million people who were benefitting from Medicaid, subsidized child health insurance, food stamps or cash welfare assistance as of July 31 will get the money.
Vice President Kamala Harris and her husband Doug Emhoff earned $1,655,563 in 2021 and paid $523,371 — a federal income tax rate of 31.6% — their tax filings show.
Democrats will try the same budgetary process from four decades ago when first-year President Ronald Reagan used reconciliation to achieve his "revolution" in federal fiscal policy.
"For working families with children, this tax cut sends a clear message: Help is here," said President Biden, touting the tax credit that gives American families up to an extra $1,600 per child.
