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Biden Would Raise Taxes Substantially For High Income Households But Cut Taxes For Families With Children, TPC Reports

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Forbes
Forbes
 2021-06-09
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Nearly all of President Biden’s proposed tax increases would be borne by the highest income 1 percent of households—those making about $800,000 or more—according to a new analysis by the Tax Policy Center. At the same time, Biden would cut taxes for many low- and moderate-income households and reduce them substantially for those with children.

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