Joe Biden to Propose First Major Federal Tax Hike Since 1993 to Fund Multi-Trillion Dollar Plan to Tackle Climate Change, Infrastructure
Joe Biden is planning to propose the major federal tax hike since 1993 to fund a plan to tackle climate change, infrastructure and other Socialist pet projects.
The economic package will reportedly cost between $2-$4 trillion dollars – this is on top of the $1.9 trillion Covid relief bill Biden just signed into law.
The increases are expected on corporate tax and individual rate for “high-income” earners, Bloomberg News reported.
The tax hikes included in any broader infrastructure and jobs package are likely to include repealing portions of President Donald Trump’s 2017 tax law that benefit corporations and wealthy individuals, as well as making other changes to make the tax code more progressive,
