Party Policy Flashcards
1
Q
what did Bidens build back better plan 2022 do
A
it proposed to do a number of things such as increase the minimum wage to $15
however it failed to pass due opposition from senators like manchin
2
Q
What does the Billionaire minimum incme tax act plan to do
A
to introduce at tax of 20% on income tax of income over £100 mil
3
Q
what did the IRA 2022 do
A
raised corporation tax to 15%
reduce federal deficit by $300 bn in 10 years
medicare price caps and lowers aca prices
aims to reduce carbon emissions by 40% by 2030
4
Q
what did the tax and jobs act 2017 do
A
corporation tax cut to a 21% flat rate repealed AMT
individual tax cut by 2-4%
prevented people donating to charity to decrease tax
5
Q
A
