Nancy Cook and Laura Davison

Government, Business

Biden Eyes Major Tax Hike to Fund Next Economic Plan, Including Infrastructure

President Joe Biden by Jim Lo Scalzo/Bloomberg News President Biden wants to use tax hikes to address what Democrats argue are inequities in the tax system itself. (Jim Lo Scalzo/Bloomberg News)

President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.

March 15, 2021