White House · 117th Congress
Democrats celebrate law aimed at combating inflation amid focus on abortion
Wall Street responded with a sell-off that pushed the S&P 500 down 4.3 percent.
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Wall Street responded with a sell-off that pushed the S&P 500 down 4.3 percent.
More than 190 business groups launched their own objection this week to expanding the tax to income earned through pass-through businesses such as partnerships, S corporations and family farms.
Donald S. Beyer Jr., a Ways and Means Democrat whose family owns dealerships across Northern Virginia, is another co-sponsor. Another Ways and Means member, Rep.
Macomb County Circuit Judge Carl Marlinga (who lost a 2002 race to Republican Candice S. Miller and a 2010 race for the state Senate) and former state Sen.
Donald S. Beyer Jr., D-Va., who authored a surtax bill beginning at $1 million, both said the income threshold could be lowered to compensate for SALT relief.
Organizers say they’re following D.C.’s guidelines and requiring indoor guests to wear a mask, except when they are actively eating or drinking.Â