Report: Biden Admin Already Dropping Estate Tax Hike From ‘Economic Plan’

Report: Biden Admin Already Dropping Estate Tax Hike From ‘Economic Plan’


The Biden administration has reportedly dropped a key tax hike from the “economic plan” President Joe Biden will unveil in his Wednesday evening address to a joint session of Congress, and it’s likely to leave progressives and far-left Democrats concerned that the president is shying away from his campaign promise to “tax the rich” to pay for “infrastructure” investments.

Biden is expected to present a trillion-dollar “American Families Plan” on Wednesday as well as a multi-trillion-dollar “American Jobs Plan,” which the White House has termed an “infrastructure” investment bill. The “Families” plan is expected to include everything from universal pre-K instruction to two free years of community college education for qualifying students, per Fox News.

President Biden is also expected to present a new slate of tax increases designed to pay for the massive expansion in federal programs, including a tax hike on most Americans making more than $400,000 per year and a capital gains tax increase on individuals earning more

Trending: Mike Lindell Headlines Bikers For Trump Mother’s Day Rally!

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend