For the last four years, the Biden-Harris administration pushed Congress to raise taxes on the American people. Every year, they proposed raising the top individual tax rate and increasing the U.S. corporate tax rate. Congressional Republicans consistently opposed these tax increases, arguing that the higher tax rates would hurt working families, American businesses, and the U.S. economy.
But now, anonymous White House sources are saying the President might be willing to support the Biden-Harris tax rate increases on individuals and American companies. These political aides apparently think this would blunt Democrats’ attacks on Republicans for cutting taxes and spending.