VLKAF - Wall Street Breakfast: Tax Hike

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Tax hikePresident Biden is planning the first major federal tax hike since 1993 to help pay for a long-term economic program designed as a follow-up to the $1.9T coronavirus relief package, according to Bloomberg. The next initiative, which could come at a cost of $2T-$4T, would be paid for via increases in both the corporate tax rate and the individual rate for high earners. The goal is funding key initiatives like infrastructure and climate change, as well as expanding help for the poorest Americans.What's on the table? While the White House has rejected an outright wealth tax, as pitched by Senator Elizabeth Warren, it does target the wealthy. Proposals: Raising the income tax rate on individuals earning more than $400,000 per year, expanding the estate tax's

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Wall Street Breakfast: Tax Hike