Biden plans to raise extra $80bn from high-earners and corporations

Joe Biden plans to raise an extra $80bn from high-earners and large corporations as part of the administration’s “American Families Plan” set to be unveiled this week. Separately, the White House announced overnight that Biden will issue an executive order requiring federal contractors to pay a $15 minimum wage to workers on federal contracts. Enhanced tax enforcement by the Internal Revenue Service (IRS), coupled with new disclosure rules, could raise $700bn over the next decade from wealthy people and privately-owned businesses, according to unidentified administration officials speaking to the New York Times.

Share this story

Related stories

Help Grow Progressive Daily News