Democrats Are Still Pushing a Wealth Tax
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Headed into the November election - and with a big fight over expiring tax cuts looming in 2025 - Democrats are pushing once again to raise taxes on the wealthiest Americans. Earlier this month, President Biden unveiled a budget plan that proposes to raise more than $4.5 trillion in new taxes over the next decade, largely by targeting corporations. While repeating his pledge that families making less than $400,000 a year should not pay more tax, he revived and expanded upon an idea that Democrat
Earlier this month, President Biden unveiled a budget plan that proposes to raise more than $4.5 trillion in new taxes over the next decade, largely by targeting corporations.
Earlier this month, President Biden unveiled a budget plan that proposes to raise more than $4.5 trillion in new taxes over the next decade, largely by targeting corporations.
Why economists are reconsidering the scale of the rise in US inequality.