The FX PostThe FX Post
    What's Hot

    Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times

    July 10, 2025

    Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

    July 9, 2025

    Has the Airbnb bubble burst?

    July 8, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Democrats Set to Drop Plans to Repeal Trump Tax Cuts, Seeking Alternatives
    Forex News

    Democrats Set to Drop Plans to Repeal Trump Tax Cuts, Seeking Alternatives

    October 26, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Businessman with the giant golden dollar coin
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    U.S. President Joe Biden will be potentially unable to keep one of his main campaign promises due to unyielding resistance among some in his party to raise taxes.

    • Even though Biden gained massive support for promising to repeal President Donald Trump’s tax cut on “day one,” as president, he has found raising taxes is a hard sell in Congress.
    • Senator Kyrsten Sinema of Arizona remains one of the biggest obstacles to Biden’s efforts to repeal Trump’s tax overhaul.
    • Even though the Arizona Senator is yet to spell out her views in public, Democratic lawmakers are trying to create a package of revenue-raisers to cover for the massive social spending bill to implement Biden’s economic agenda.
    • Biden has recognized that there are not enough votes to support raising Trump’s 21% corporate tax rate.

    The setback is ironic because Trump’s tax cuts were historically unpopular as they directed many benefits to high-earning taxpayers and large companies.

    DXY down -0.07%, EUR USD up +0.14%

    Source: Bloomberg

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Taxes US Economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Republicans vs Biden Admin on Debt Limit

    March 1, 2024
    6.8

    SurgeTrader Review

    August 10, 2023
    8.6

    Social Trader Tools Review

    May 30, 2023
    9.0

    Kodi Kai Trades Review

    May 28, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    67  −  62  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times
    • Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court
    • Has the Airbnb bubble burst?
    • Tinubu has changed narrative of NDDC, says Ogbuku, MD
    • What happens if $FUN hits $0.10? Price scenarios, holder behaviour, and post-breakout plans
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.