Don’t Fall for the Carbon Tax Trap ...Middle East

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Don’t Fall for the Carbon Tax Trap
After a few weeks of being compared to Franklin D. Roosevelt and Lyndon B. Johnson, Joe Biden seems to be losing some of his transformational zeal. The administration is reportedly walking back from initial plans to make the child tax credit provided by the American Rescue Plan permanent, and is feeling newfound pressure to balance out new spending with tax hikes. The White House’s total Build Back Better Agenda could now top $4 trillion, which is more than the $3 trillion that had been floated last week. But it intends to pair that bigger package with $3 trillion worth of tax increases, citing concerns about political buy-in and the size of the federal deficit. Those are slated to be taxes

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