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As infrastructure talks begin to heat up, taxes â and how much they ll go up â will be a hot topic.
Yes, Biden wants to raise taxes on the wealthy, but he doesn t want to do an outright wealth tax.
It s an important distinction, as Biden is proposing tweaks to already existing programs.
Yes, President Joe Biden wants to tax the wealthiest Americans. But he wouldn t do it with a wealth tax.
It may seem like a small difference, but it s a significant one. A wealth tax is an outright tax on someone s net worth, while Biden is proposing changes to existing taxes.