Post by M. Hawbaker on Mar 31, 2021 11:21:59 GMT
President Joe Biden is set to announce up to $3trillion in tax increases targeting the rich and middle class when he unveils his infrastructure package in Pittsburgh tomorrow.
The hikes could hit Americans earning more than $400,000 a year, businesses, married couples and estates.
It is part of his bid to fund the revenue needed for his bold proposal to pay for new roads, bridges, green technology and 'human infrastructure' - which includes subsidies for Americans to pay for health insurance and measures to cut child poverty.
But the White House is not drawing a line in the sand over Biden's tax hikes – and even allowing for the possibility the package that moves through Congress not be fully paid for.
The hikes could hit Americans earning more than $400,000 a year, businesses, married couples and estates.
It is part of his bid to fund the revenue needed for his bold proposal to pay for new roads, bridges, green technology and 'human infrastructure' - which includes subsidies for Americans to pay for health insurance and measures to cut child poverty.
But the White House is not drawing a line in the sand over Biden's tax hikes – and even allowing for the possibility the package that moves through Congress not be fully paid for.
