President Joe Biden hasn’t hidden his desire to raise taxes on corporations and the wealthy to fund a $2.3 trillion infrastructure package and new social safety net programs.
The administration has consistently floated lifting the corporate tax rate to 28% from its current rate, a Trump-era low of 21%. More recently, Biden said he is targeting an increase in the capital gains tax on the wealthiest Americans to 43.4%, including a surtax. The existing capital gains tax stands at a top rate of…
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