Biden’s controversial taxes for thee but not for me
The fate of the Biden proposal depends on the midterm elections this autumn. If Republicans capture either the House or the Senate, it would undoubtedly result in an impasse on significant tax issues, as the Republican Party’s anti-tax-increase attitude conflicts with Biden’s objectives.
Similarly, given Biden’s veto authority, it would be difficult for Republicans to reduce taxes, take back additional Internal Revenue Service budget, or reverse the handful of corporate tax increases enacted by Congress, say, experts.
Can AOC’s, Tax the Rich Mantra Actually happen?