Institute on Taxation and Economic Policy

American Jobs Plan

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Resources on the Build Back Better Agenda

December 12, 2021 • By ITEP Staff

President Biden’s American Families Plan (AFP) would use personal income tax increases on very well-off individuals to finance investments in people—in childcare, education, higher education, reducing child poverty, and other related measures. The following analyses provide more information about the revenue proposals in the AFP.

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It’s Not About Farms: Don’t Let Lies Crush Biden’s Tax Plan

September 2, 2021 • By Steve Wamhoff

Several former Democratic members of Congress have joined a campaign to misrepresent President Biden’s proposal to close a huge tax loophole for wealthy people with capital gains. This proposed reform is the cornerstone of the president’s tax plan. If lawmakers fall for the lies, Biden's plan will collapse. Instead, they should do what is both popular and fair: enact the plan intact so that millionaires and billionaires no longer escape the federal income tax.  

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Opposition to Biden’s Tax Plan Has Nothing to Do with Small Businesses or Family Farms

July 16, 2021 • By Steve Wamhoff

Special interests lobbying against President Joe Biden’s tax agenda claim that his proposed corporate income tax rate hike will harm small businesses and that his proposed capital gains tax reforms will hurt family farms. Both claims are absurd attempts by powerful interests to pretend they are defending the little guy.

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What to Expect from Biden and Congressional Democrats on Tax Increases for Individuals

April 8, 2021 • By Steve Wamhoff

The Biden administration has already provided details on its corporate tax proposals and in the next couple of weeks is expected to propose tax changes for individuals. Meanwhile, congressional Democrats have some ideas of their own.  What should we expect?