taxation

Report: Joe Biden Plans First Major Tax Hike in a Generation

President Joe Biden is considering a tax hike to underwrite the economic program launched by the approval of his $1.9 trillion pandemic stimulus package, a Monday report by Bloomberg claims. The tax jump will be the first major lift in federal taxes in almost 30 years if successful.

WASHINGTON, DC - MARCH 12: U.S. President Joe Biden (R) takes off his mask as Vice President Kamala Harris (L) looks on during an event on the American Rescue Plan in the Rose Garden of the White House on March 12, 2021 in Washington, DC. President Biden signed the $1.9 …