Biden To Roll Back Trump-Era Tax Breaks For Corporations & Wealthy
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President Joe Biden is eyeing progressive changes to America’s tax laws. While Biden has shot down ideas from Sens. Elizabeth Warren (D-Massachusetts) and Bernie Sanders (I-Vermont) to implement a wealth tax on billionaires, incoming proposals from the new president will still target America’s most wealthy in the changes. While not formally proposed, the following tax changes are being actively considered by the Biden administration: Raising corporate tax from 21% to 28%, raising income tax for single Americans earning more than $400,000 annually, expanding eligibility for estate taxes, increa…

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