Biden's infrastructure tax hike worries some Democrats about impact on wealthy voters | Nation/World
WASHINGTON â Can President Joe Biden keep the loyalty of the wealthy, suburban Americans who helped put him in the White House â many of them former Republicans â even when he pushes for tax increases to fund priorities such as infrastructure? Thatâs the challenge ahead for the Biden administration, a week after the president detailed a new $2 trillion infrastructure plan he proposed to pay for primarily by raising the corporate tax rate to 28% from 21%. With former President Donald Trump out of office, some Democrats concede that tax and spend policies could make them beg...