Biden to outline 'a fair shot' for the middle class in tax plan speech

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President Biden plans to give the IRS tools to crack down on the wealthiest Americans who have evaded paying taxes. Biden also aims to emphasize that his administration will protect Americans earning less than $400,000 a year.

WASHINGTON — President Joe Biden will outline his administration’s goal of raising taxes on the wealthy to strengthen the middle class and boost the economy in remarks Thursday afternoon at the White House.

“He’ll underscore that we’ve reached an inflection point where we have to choose whether or not we’re going to perpetuate an economy where the wealthiest taxpayers and biggest corporations get to play by a set of rules they’ve written for themselves while middle-class families aren’t given a fair shot,” the official said.

“He’ll also argue that we don’t need to reduce the cost of being rich in America; we need to lower the cost of raising a child, of prescription drugs, of taking care of an aging parent, of health care, of high-speed internet and of hearing aids,” the official said.

 

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