9 Groups Who Should Brace for Higher Income Taxes
Recent proposals would hike taxes for people with a wide range of incomes.
At this point, higher taxes are more a question of when than if.
Tax increases for the wealthiest Americans were a central part of President Joe Biden’s campaign, and his recent proposals call on Congress to enact such tax hikes. (Not to mention some members of Congress have their own plans for raising individual income taxes.)
Most of the tax increases proposed by Biden or Congress so far this year are simply efforts to make good on campaign promises to tax the wealthy and corporations — but not all of them are.