Most Americans say they’re being taxed too much and oppose any new taxes, according to two new polls, which come as the Biden administration mulls funding options to pay for big-ticket programs. Treasury Secretary Janet Yellen recently said President Joe Biden is looking at raising taxes on wealthy Americans and corporations—and may consider an outright wealth tax—to pay for future programs, as attention turns to funding measures for the next big legislative push—an infrastructure plan. Rep. John Garamendi (D-Calif.) confirmed in an interview with the Sacramento Bee that Biden is considering raising the excise tax on fuel and possibly a carbon tax to help pay for the infrastructure plan, which so far has no official price tag, but which analysts have projected at between $2 trillion and $4 trillion. Biden himself confirmed in a recent interview that he is looking to raise taxes. But appetite among Americans for any new taxes—regardless of spending …
Most Americans say they’re being taxed too much and oppose any new taxes, according to two new polls, which come as the Biden administration mulls funding options to pay for big-ticket programs. Treasury Secretary Janet Yellen recently said President Joe Biden is looking at raising taxes on wealthy Americans and corporations—and may consider an outright
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