Biden Making a Veiled Bid for Your Paycheck
Richard Stern
Senior Policy Analyst, Budget Policy. Richard is a senior policy analyst for budget policy at The Heritage Foundation.
Key Takeaways
Biden has called for the repeal of the Trump tax cuts that saves an average Florida family well over $1,300 a year.
Biden wants to introduce a new corporate tax, side-by-side with the current one, where many businesses won’t know which tax they are paying until Tax Day.
Biden has proposed to increase U.S. corporate taxes from 21% to as much as 28%—more than the average European rate of 19.99% or the world average rate of 23.85%.
