Government Hikes Payroll Tax as Fuel Prices Hit All-Time High
As fuel prices hit all-time highs amid a massive cost of living crisis, Boris Johnson’s Conservative Party government has hiked payroll tax across the United Kingdom.
As fuel prices hit all-time highs amid a massive cost of living crisis, Boris Johnson’s Conservative Party government has hiked payroll tax across the United Kingdom.
Britain has seen its highest level of annual inflation in 30 years, while the country’s government appears to remain set to move forward with major tax hikes.
The UK’s Chancellor of the Exchequer has been engaging in financial double-speak, promising that he will cut taxes despite having just increased them.
A one million increase in the number of destitute households in the UK is feared as a result of Tory tax hikes.
Despite calling himself a ‘tax-cutting’ Conservative Boris Johnson has announced that he will plow ahead with massive tax hikes as living costs soar across the UK.
President Joe Biden spoke to a joint session of Congress Wednesday to propose a $1.8 trillion “human infrastructure” proposal that comes with a myriad of tax increases, including expanding the death tax.
The establishment media is all aflutter Monday after a New York Times story over the weekend about incumbent GOP President Donald Trump’s tax records, but it turns out Democrat candidate former Vice President Joe Biden used a series of tax code loopholes to avoid paying hundreds of thousands of dollars in taxes over the years.
The president noted that through his executive order signed on Saturday, he was able to deliver an additional $400 a week to Americans on state unemployment benefits.
“That is $400 more than the democrats have provided,” Trump said. “Remember that.”
Axios reported on Sunday that Sen. Ben Sasse (R-NE) has become a “GOP Trump critic” ahead of the 2020 elections.
“You [know] what it’s about? Fraud,” Trump said. “They want to try and steal this election, because, frankly, it’s the only way they can win the election.”
The tax would continue to be deferred until the end of 2020, the president said, and would likely be retroactive from July 1.
On Friday’s broadcast of “PBS NewsHour,” White House Economic Adviser Larry Kudlow said that the White House is taking a look at issuing executive orders on evictions, a payroll tax cut student loans, extending unemployment benefits, “and possibly added benefits
“If Democrats put partisan demands aside, we would reach an agreement very quickly,” Trump said at the White House during a press conference on Wednesday evening.
By maintaining expanded unemployment benefits through 2013, the Obama administration delayed the national economic recovery from the Great Recession in 2009. A National Bureau of Economic Research study concludes that 1.8 million additional jobs were created in 2014 once the benefit was finally cut.
On Monday’s broadcast of the Fox News Channel’s “Your World,” Senate Republican Conference Chair John Barrasso (R-WY) praised the idea of putting a payroll tax cut in the next coronavirus relief bill, but stated that not having a payroll tax
On Monday’s “MSNBC Live,” Sen. Debbie Stabenow (D-MI) stated that she thinks including a payroll tax cut in the next coronavirus bill is “a nonstarter” and she doesn’t believe either party supports the idea. Host Katy Tur asked, “The president
During an interview with One America News Network on Wednesday, President and CEO of the Job Creators Network, Alfredo Ortiz stated that a targeted payroll tax cut should be part of the coronavirus relief bill. Ortiz said, “So, we are
On Tuesday’s broadcast of the Fox News Channel’s “Your World,” White House Economic Adviser Kevin Hassett stated that if there is another round of coronavirus stimulus, President Trump will push for a payroll tax cut. Hassett said, [relevant remarks begin
On Monday’s broadcast of CNN’s “Situation Room,” House Speaker Nancy Pelosi (D-CA) said she is opposed to including a payroll tax cut in the next coronavirus relief bill. Host Wolf Blitzer asked, “So, is a payroll tax cut okay from
On Tuesday’s broadcast of the Fox News Channel’s “Hannity,” President Trump touted a payroll tax cut as a way to help boost the economy and stated that such a cut would be “immediate” and “over a little bit of an
A raucous day in the stock market as investors weighed economic stimulus plans and Democrat opposition to a payroll tax cut.
Tuesday on Fox Business Network’s “Mornings with Maria,” Rep. Roger Williams (R-TX) sounded off on President Donald Trump’s proposal to enact a payroll tax cut and ensure assistance is available to hourly workers amid the coronavirus outbreak which has caused the stock market to crash.
“I’m not looking at a tax cut now,” Trump said while talking to reporters on the White House lawn.
“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”