Fresh hope for more stimulus checks as potential tax overhaul may raise enough for two more rounds of $1,400 payments

MORE economic controls could be in the pipeline as potential tax reform could raise enough cash for two more rounds of $ 1,400 in payments.

After approving President Joe Biden’s $ 3.5 trillion domestic spending package, the Democrats will now craft a massive social spending package.

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A possible tax reform could raise enough money for two more rounds of economic reviews

It’s likely funded by tax hikes for the richest Americans, investors, and big corporations, Business Insider reports.

President Joe Biden has proposed a corporate tax rate of 28 percent – higher than the current value of 21 percent.

And Kyle Pomerleau, a tax expert at the American Enterprise Institute, told NBC News that the tax changes could raise $ 800 billion.

That’s enough money for the government to fund two more $ 1,400 stimulus checks – similar to what most Americans received under the $ 1.9 trillion Biden stimulus bill during the Covid pandemic .

Last month, Bernie Sanders told a crowd at an outdoor amphitheater in West Lafayette, Indiana, “My Republican colleagues are telling everyone that Bernie Sanders and the Democrats are going to raise taxes.

“You’re right, I wanted to raise her with the richest people in this country.”

The Vermont Senator noted the difference between the two parties, as Republicans in Congress had approved tax cuts for wealthy Americans in recent years.

Sanders argues on the basis of a budget proposal that promises a universal pre-kindergarten and a free community college.

It also expands Medicare health care, creates citizenship avenues for millions of illegally resident immigrants, and encourages states to pass work-friendly laws.

But Republicans said the plan was fraught with unnecessary spending and tax hikes.

“This is the household of the people. This is the household that will affect the lives of tens of millions of people in this country: the old, the children, the working families, the middle class,” Sanders said in an interview before the rally on Friday .

“One poll after another shows that the American people want the richest people, big corporations, to pay their fair share.”

Senators Ron Wyden, Mark Warner, and Sherrod Brown have already released a draft framework aimed at ending incentives for companies to relocate their operations from the United States.

“While working class families have struggled to move forward, companies whose taxes have been cut in half are doing better than ever and paying less taxes than ever since World War II,” Wyden said in a statement.

“To get the ship back in order, we’re ending incentives to move jobs overseas and closing loopholes that allow companies to hide their profits in tax havens.”

Bernie Sanders criticizes Pelosi and Dems for blocking Covid aid and the second round of $ 1,200 stimulus checks under Trump

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