PRESIDENT Joe Biden is set to announce up to $3 trillion in tax increases aimed at the upper and middle classes to help fund infrastructure. The planned hikes are set to be unveiled tomorrow when Biden reveals his infrastructure plan during a visit to Pittsburgh, Pennsylvania, the Washington Post reported. The tax increases are likely […]
PRESIDENT Joe Biden is set to announce up to $3 trillion in tax increases aimed at the upper and middle classes to help fund infrastructure.
The planned hikes are set to be unveiled tomorrow when Biden reveals his infrastructure plan during a visit to Pittsburgh, Pennsylvania, the Washington Post reported.
The tax increases are likely to hit Americans earning more than $400,000 per-year, in addition to businesses, married couples and estates, and total $3 trillion.
It comes as part of Biden’s bid to fund his $4 trillion infrastructure plan to fix America’s crumbling roads and bridges, as well as introduce environmentally friendly technology.
The plan also features a “human infrastructure proposal”, which includes subsidies for Americans to pay for health insurance and measures to cut child poverty.
More to follow…
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