Biden Wants Corporate Tax Hike, Help for Families Making $110K, Aide Says
- NEC’s Ramamurti says White House hopes for Congress support
- Aim is to encourage companies to boost domestic investment
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President Joe Biden’s tax plan will feature higher levies on corporations and wealthy Americans, with relief eyed for middle-class households, including those in the $110,000-a-year income range, a White House economic aide said Tuesday.
“The key here is that the president believes strongly that the biggest corporations and those folks who have done extremely well over the last several decades should pay a bit more,” Bharat Ramamurti, deputy director of the National Economic Council, said Tuesday in an interview with Bloomberg Television.