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First major tax hike in 30 years on the cards for Biden administration

First major tax hike in 30 years on the cards for Biden administration

President Joe Biden is reportedly mulling over introducing a major tax hike in close to three decades in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package. The planned changes include an increase in the corporate tax rate, an increase in income tax rate on individuals earning more than $400,000, expanding the estate tax, among other decisions.

Tom A
Tom A
Mod Okay
Mod Okay 0 months

This is good news. This is the best way to deal with the debt and income inequality.

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