Biden to call for higher taxes on businesses, wealthy Americans in State of the Union | Fox Business

President Joe Biden plans to call for Congress to raise taxes on wealthy Americans and on businesses, which would see fewer deductions and higher tax rates under his proposals. Read More

Biden’s Higher Taxes Would Kill The Golden Goose - Forbes

In its analysis of Biden’s proposed tax increases, the Tax Foundation estimates they will reduce the country’s capital stock by 2.4%, long-run GDP by 1.3%, wages by 1%, and jobs by 335,000. Read More

Biden proposes higher taxes for the rich. Here's how they work.

The wealthiest 25 people saw their worth increase a combined $401 billion between 2014 and 2018, but they paid an average federal income tax of 3.4% on that wealth, ProPublica found last year. By ... Read More

Biden is set to propose higher taxes for the rich. Here's how they work - ABC7 News

The Inflation Reduction Act, signed into law by Biden in August 2022, imposed a 1% tax on stock buybacks. If a company purchases $100 million worth of shares, for instance, it must pay $1 million ... Read More

Biden, Harris' unfinished business: taxes on rich, childcare credit

One of the major unfulfilled ambitions of Biden's and Harris' economic policy was to raise taxes on the wealthy and big corporations - but not on people making less than $400,000 per year. Read More

Harris calls for higher taxes on investment income — but less than Biden wanted - MSN

The pitch by Harris, 59, calls for a more modest increase in capital gains taxes than a plan proposed by President Biden that called for top rates of 44.6% on investment income. Read More

Sanders Pitched a Tax on the Rich to Biden to Fund Social Security - Business Insider

Bernie Sanders met with Joe Biden to pitch a tax on high-earning Americans to fund Social Security, The Washington Post reported. The current system taxes workers' first $160,200 in earnings, and ... Read More

Biden White House proposes higher taxes and spending

Also in Biden’s budget is a 25% minimum tax for billionaires. That provision would only affect the wealthiest 0.01% of taxpayers, according to the White House, and would raise about $500 billion ... Read More

Biden makes populist tax pitch in Scranton while attacking Trump over billionaire friendliness - Washington Examiner

Biden also excoriated Trump over his 2017 Tax Cuts and Jobs Act, which lowered the corporate tax rate. Biden has previously stated that he hopes to raise the corporate tax rate to 28%, up from 21%. Read More

Biden touts economic 'comeback' in State of the Union pitch to skeptical voters : NPR

President Biden used his State of the Union speech to highlight economic gains and draw a contrast with his GOP opponents. Polls shows many voters give Biden low marks for his economic stewardship. Read More

Harris calls for higher taxes on investment income — but less than Biden wanted - New York Post

The pitch by Harris, 59, calls for a more modest increase in capital gains taxes than a plan proposed by President Biden that called for top rates of 44.6% on investment income. Read More

Biden is set to propose higher taxes for the rich. Here's how they work

The Inflation Reduction Act, signed into law by Biden in August 2022, imposed a 1% tax on stock buybacks. If a company purchases $100 million worth of shares, for instance, it must pay $1 million ... Read More