Joe Biden set to outline plan for raising taxes of higher earners
By Callie Patteson
September 16, 2021 11:30am
President Biden is set to deliver his plan for raising taxes on higher-earning Americans — while also ramping up IRS enforcement against them — in a bid to level “the playing field” for those in lower income brackets.
In delivering his tax-the-rich outline Thursday afternoon, Biden is expected to talk about “leveling the playing field in our economy to bring down costs and ensure that the backbone of the country, the middle class, can finally get a break,” an official told NBC News.
“He’ll underscore that we’ve reached an inflection point where we have to choose whether or not we’re going to perpetuate an economy where the wealthiest taxpayers and biggest corporations get to play by a set of rules they’ve written for themselves while middle-class families aren’t given a fair shot,” a White House official told the outlet.
He will also announce his intention to give tools to the IRS in order to strengthen tax enforcement on the highest earners in the US. Biden has promised that his plan will protect those earning less than $400,000 a year from a tax hike.
more
https://nypost.com/2021/09/16/joe-biden-leveling-the-playing-field-in-new-tax-plan/
