BREAKING NEWS HEADLINES

Taxes are Going UP Right on Schedule Under Democrat Control…

WHAT WE KNOW

The Biden administration is preparing to move ahead with major tax hikes in addition to deficit spending this is their plan to help pay for the forthcoming American Rescue Plan.

(BLOOMBERG)

  • first major tax hikes since 1993
  • Biden will repeal of parts of President Trump’s 2017 tax cut legislation
  • raising the corporate tax rate from 21% to 28%
  • raising the income tax rate for individuals earning more than $400,000
  • expanding the estate tax
  • raising the capital gains tax for people earning more than $1 million per year

According to the Tax Foundation, this corporate tax increase would cause 159,000 jobs from 21% to 28% (Tax Foundation) 

HEADLINES

Biden Gears Up For New Tax Hikes To Pay For More Stimulus—Here’s What We Know

Biden reportedly planning first major tax hike since 1993 in next economic package

GO DEEPER

THIS IS A BREAKING NEWS STORY WE WILL UPDATE AS MORE INFO BECOMES AVAILABLE 
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