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TSCL updated its 2025 COLA prediction based on April’s CPI-W data, which came in at 3.4%. TSCL’s projection increased slightly from 2.6%, when March CPI-W came in at 3.5%
The economic policy of the Barack Obama administration, or in its colloquial portmanteau form "Obamanomics", was characterized by moderate tax increases on higher income Americans designed to fund health care reform, reduce the federal budget deficit, and decrease income inequality. President Obama's first term (2009–2013) included measures ...
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
The United States Consumer Price Index ( CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used indices are the CPI-U and the CPI-W, though many alternative versions exist for different uses. For example, the CPI-U is the most popularly cited measure of ...
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The United States Chained Consumer Price Index (C-CPI-U), also known as chain-weighted CPI or chain-linked CPI is a time series measure of price levels of consumer goods and services created by the Bureau of Labor Statistics as an alternative to the US Consumer Price Index. It is based on the idea that when prices of different goods change at ...
Here’s the breakdown of how this tax would increase by almost 100%. First, the top ordinary income marginal tax rate would increase from 37% today to a future rate of 39.6%. TRUMP CAMPAIGN ...
This represents the tax cuts for the top 1% from the Bush tax cuts and Trump tax cuts, partially offset by the tax increases on the top 1% by Obama. The Bush tax policies led to an increase in income and wealth inequality, as the tax cuts provided more substantial financial benefits to high-income families compared to those with lower incomes ...