How Biden’s Tax Plan Will Affect Retirement – SmartAsset

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Business economists expect inflation to increase in the fourth quarter and stay elevated for years, according to a new survey.

The new omicron variant might induce renewed widespread economic lockdowns and further disrupt already damaged global supply chains.

Hunter Biden and his Uncle Jim were already waiting for Tony Bobulinski in the lobby bar of the Beverly Hilton when he arrived at 10 p.m. on May 2, 2017.

President Joe Biden and House Democrats have said their $2.4 trillion tax and spending bill is fully paid for. The cost is zero, the White House claims.

Bigger private-market bets, inflation fears and a surge of retirees are putting public retirement funds at risk of a cash crunch that would force them to sell assets at losses to pay pension checks.

The Biden administration has contended that its “Build Back Better” agenda would cost nothing. The Congressional Budget Office now says that’s at least a few hundred billion dollars off.

The Biden administration and House Democrats are working to pass the largest social spending and tax increase bill in our nation’s history. Buried deep within the bill’s 2,135 pages are provisions that would do long-term damage to individual retirement accounts, 401(k)s, and our retirement savings…

The proposed tax increases in Biden’s Build Back Better bill would be the largest since 1968 and would likely fuel higher inflation.

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Gasoline prices in the United States have risen for 27 days in a row to an average of $3.38 per gallon across the country.