President Joe Biden will seek to raise taxes on millionaire investors to fund education and other spending priorities as part of the administration's effort to overhaul the U. As part of the plan, Biden will seek an increase in the tax on capital gains to The capital gains tax is especially important to Wall Street since it dictates how large a chunk of an equity sale is collected by the federal government. The White House declined to comment. The proposal would make good on Biden's campaign promise to require America's wealthiest households to contribute more as a percentage of their income. The American Families Plan is expected to include measures aimed at helping U.
Paying for College
Teacher Pay: How Salaries, Pensions, and Benefits Work in Schools
Privatisation of education has a devastating impact, aggravating inequality, so why does the development community fund profit-seeking providers? A t the beginning of the new millennium, the international community made a commitment to achieve universal primary education for all boys and girls. Today, 15 years later, we find huge gaps between these commitments and reality. Millions more fail to graduate, or fail to learn what they need toparticipate in society meaningfully. Capitalising on the inability of governments to cope with rising demands on public learning, private education providers are mushrooming. I see this not as progress, but as an indictment of governments that have failed to meet their obligation to provide universal, free and high-quality education for all. Education is not a privilege of the rich and well-to-do; it is the inalienable right of every child.
Pay for Performance: What Are the Issues?
Biden will also propose raising the top marginal income tax rate to The proposals are in line with Mr. The president will lay out the full proposal, which he calls the American Family Plan , next week. It is not yet final and could change before next week.
President Joe Biden is planning to raise taxes on millionaire investors to fund childcare and education programs, according to a report from The New York Times. But The Times reported that Biden's proposal would not tackle healthcare. Instead, the income-tax rate for the US's highest earners could increase to