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Biden plans to raise taxes on highest earners to 39.6% and capital gains to 43.4%

President Joe Biden will call to raise the to income tax rate up to 39.6 per cent

Stocks Plummet As President Launches ANOTHER Raid On Rich

By GEOFF EARLE

DEPUTY U.S. POLITICAL EDITOR FOR DAILYMAIL.COM

President Joe Biden is calling to hike the top income tax rate back to where it was before the Trump tax cuts and nearly double capital gains rates for top earners to fund his phase two of his ‘human infrastructure’ plan.’

The moves to raise revenue would be used to pay for education, labor programs, universal pre-K, and continuation of an expanded child tax credit – all proposals Biden plans to spell out in an address to Congress next week.

Click the link below to read the rest of this story.

https://www.dailymail.co.uk/news/article-9501041/Biden-increase-income-tax-rate-double-rates-stock-sales.html

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