President Joe Biden is expected to announce a massive spending bill later this week focused on addressing “infrastructure needs,” and the multi-trillion-dollar piece of legislation, which follows closely on the heels of a nearly $2 trillion COVID-19 relief package, will likely require a major tax hike.
The Washington Post reported Tuesday that the Biden administration is exploring a major — $3 trillion — tax hike, mostly on wealthy Americans and corporations, and a near-complete rollback of President Donald Trump’s tax breaks.
.png)
.png)
