Egypt, ’s natgas woes continue
Egypt is unlikely to export any LNG to Europe this summer due to declining production at the Zohr field, which is prioritizing domestic energy needs.
Egypt is unlikely to export any LNG to Europe this summer due to declining production at the Zohr field, which is prioritizing domestic energy needs.
President Biden’s FY 2025 budget proposes tax hikes on businesses and high earners, amounting to a gross tax hike of over .1 trillion.
The fact described in the text is that President Biden has imposed a stock buyback tax and a new corporation alternative minimum tax, but the tax cuts signed for individuals and corporations are larger than the tax increases imposed on big corporations and their shareholders.
The richest Americans should expect multiple tax increases if President Joe Biden is reelected in November and the Democrats end up in control of the Senate and House of Representatives, according to a leading taxation expert.
President Biden has called for trillion in new taxes on corporations and high earners, but his record so far shows that he has actually cut taxes overall. The analysis by the Urban-Brookings Tax Policy Center estimates that the tax changes Mr. Biden has implemented will result in a net tax cut of about 0 billion over four years.