Biden’s ‘long overdue’ tax hikes span from Wall Street to Main Street, from superwealthy to smokers | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Biden’s ‘long overdue’ tax hikes span from Wall Street to Main Street, from superwealthy to smokers

President Biden’s plan for higher taxes on corporations and the wealthy to pay for his $3.5 trillion social welfare expansion so far includes 40 new taxes.

The menu of hikes ranges from doubling the federal tobacco tax to more than $2 per pack to boosting the top income tax rate to 39.6% from 37%, adding up to one of the largest tax increases in U.S. history.

Mr. Biden said Thursday that he’s ready to do more. To justify the taxing spree, he said the wealthiest Americans and biggest corporations skirt their duties to pay for government safety net programs.

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