The Sound Guy
Pursuit Driver
Liberals:
Big Corporations need to pay their fair share of taxes, they get too many tax breaks!
$430 Billion Dollar Bill:
To help offset the plan's massive spending, it would reduce the US deficit through a new 15-percent minimum tax on companies with profits of $1 billion or more -- a move targeting some that now pay far less.
Also Liberals:
CHIPS bill: Introduced in House (06/11/2020) This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026
$430 Billion Bill:
Billions of dollars in tax credits would also go to some of the country's worst-polluting industries to help their transition to greener methods
Tax credits are extended for energy production and investment in technologies including wind, solar and geothermal energies. The investment tax credit also now applies to battery storage and biogas.
Tax credits would be created or extended for additional technologies and energy sources including nuclear energy, hydrogen energy coming from clean sources, biofuels and technology that captures carbon from fossil fuel power plants.
Many of the incentives also contain bonuses for companies based on how much they pay their workers and offer credits for manufacturing their steel, iron and other components in the U.S.
A tax credit would be expanded for energy efficiency in commercial buildings.
<sigh>
Big Corporations need to pay their fair share of taxes, they get too many tax breaks!
$430 Billion Dollar Bill:
To help offset the plan's massive spending, it would reduce the US deficit through a new 15-percent minimum tax on companies with profits of $1 billion or more -- a move targeting some that now pay far less.
Also Liberals:
CHIPS bill: Introduced in House (06/11/2020) This bill establishes investments and incentives to support U.S. semiconductor manufacturing, research and development, and supply chain security. Specifically, the bill provides an income tax credit for semiconductor equipment or manufacturing facility investment through 2026
$430 Billion Bill:
Billions of dollars in tax credits would also go to some of the country's worst-polluting industries to help their transition to greener methods
Tax credits are extended for energy production and investment in technologies including wind, solar and geothermal energies. The investment tax credit also now applies to battery storage and biogas.
Tax credits would be created or extended for additional technologies and energy sources including nuclear energy, hydrogen energy coming from clean sources, biofuels and technology that captures carbon from fossil fuel power plants.
Many of the incentives also contain bonuses for companies based on how much they pay their workers and offer credits for manufacturing their steel, iron and other components in the U.S.
A tax credit would be expanded for energy efficiency in commercial buildings.
<sigh>
