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Biden may bump income taxes to 39% for high-earning Americans to pay for an infrastructure package

Joe Biden

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President Joe Biden is seeking to finance a major infrastructure and jobs package in the months ahead, and it appears increasingly likely tax hikes will be among the bill’s key components.

The Biden administration is reportedly considering a tax increase on both high-earning Americans as well as big corporations, White House aides told Axios.

That appears in line with Biden’s pledge to focus tax hikes on certain large businesses and wealthy individuals. Biden doubled down on that during an ABC News interview which aired Wednesday.

“Anybody making more than $400,000 will see a small to a significant details ⇒

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