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, 2021Nancy Cook and Laura Davison
Government, Business
President Biden wants to use tax hikes to address what Democrats argue are inequities in the tax system itself. (Jim Lo Scalzo/Bloomberg News)
Biden Eyes Major Tax Hike to Fund Next Economic Plan, Including Infrastructure
President Biden wants to use tax hikes to address what Democrats argue are inequities in the tax system itself. (Jim Lo Scalzo/Bloomberg News)