White House, business groups tangle over Biden tax increases ...Middle East

Business Standard - Economy
White House, business groups tangle over Biden tax increases
source : Business Standard ( Middle East ) () 19
President Joe Biden has a simple message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy: look beyond the bottom line. Biden is trying to persuade Democrats to embrace a more emotional argument, namely that the plan is fair, that it increases taxes on those who can afford to pay more and spends money on programs targeting children and the middle class. The president has proposed more than USD 3 trillion worth of revenue increases, primarily through higher taxes for corporations and the country's richest households as well as greater IRS enforcement that would target the wealthy. But key lawmakers voiced doubts this past week about the size an

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