Biden Says Bipartisan Deal on Infrastructure Funding Reached

After meeting with several Republican senators last month, POTUS Joe Biden announced a bipartisan deal that works toward the passing of the infrastructure bill. Biden candidly mentioned that although they had arrived at a bipartisan deal that did not give him all that he wanted, he said the GOP senators gave more that what they were originally inclined to offer as their commitment. According to the members of the group, the agenda was mainly about the funding for the package to which a framework has been agreed upon. It included a proposed amount of $579 billion in new spending, and …

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Cut and Dried Wealth Managers Face Tough Financial Planning Challenges Starting 2021

Wealth managers handling the business assets of individuals with high and ultra high net worth, will face new challenges starting this tax year 2021 and onwards. Aside from tax policy changes being proposed by the Biden administration, a new bill aimed at changing the IRS’ audit behavior toward the tax returns of wealthy taxpayers will also be introduced. Given that Democratic party lawmakers now have the majority numbers in both lower and upper houses of Congress, all bills proposing such tax policy changes will likely be enacted. Now more than ever, choosing the right financial advisor to handle one’s tax …

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Sen. Warren to Continue Pushing for Wealth Tax as Member of Senate Finance Committee

Despite not winning the Democratic presidential nomination, Sen. Elizabeth Warren says she will still push for her radical campaign calls for Wealth Tax. Last Tuesday, February 02, Senator Warren confirmed that she will soon be joining the Senate Finance Committee. The committee membership is considered a choice assignment since she will have greater ability to push for a tax legislation that will impose levy on amassed wealth amounting to more than $50 million. In fact her announcement served as an ominous warning to the super rich, saying that introducing a WealthTax will her first order of business. During President Biden’s …

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