‘Kudlow’ host says ‘be careful what you wish for’ when it comes to corporate taxes.
‘Kudlow’ host Larry Kudlow slammed the Biden administration’s economic policy Thursday, saying under the “Biden-Yellen plan, jobs and businesses will suffer.”
LARRY KUDLOW: These Biden tax hikes, if legislated and implemented, would do great damage to the economy at home and to our competitiveness overseas. And again – I want to note that if the corporate rate goes to 28%, plus 3.5% state tax rates, then the U.S. will have the highest corporate tax rates amongst all the industrial countries. This is where we were
The original payments were based on 2018 or 2019 tax returns. That means people who earned less in 2020 could be owed more money. Once they file their 2020 tax return that shows a lower income amount, the IRS will automatically send them an additional payment.
Separately, families that welcomed new children in 2020 could also be eligible for additional dependent payments.
As of last week, the government had sent out 130 million stimulus payments to those who qualify for the third round of checks approved by Congress in March.
The new payments are worth up to $1,400 per person
photo by: Meeting screenshot/Lawrence school board
Lawrence school board President Kelly Jones and Vice President Erica Hill are seen after the board approved hiring Kristen Ryan as the Lawrence school district’s new director of elementary schools during a special board meeting on Monday, April 5, 2021.
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