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Seen in its full breadth and scope, the Biden tax plan is a progressive tour de force. Biden would fund his poverty-fighting education, housing, retirement and health-care reforms with $4.3 trillion of tax hikes on the rich.Biden’s proposals are populist in the true sense of the term. The Tax Policy Center has found that three-quarters of his tax increases fall on the richest 1% of households. In 2021, Biden would raise this group’s taxes by $299,000.
© 2015 Mutual Fund Observer. All rights reserved.