July 14, 2020

The Epoch Times: Biden’s Progressive Tax Proposal Raises Rates on Wealthy and Corporations

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“It’s probably one of the most progressive tax plans we’ve seen from a presidential nominee from one of the two major parties in many, many years,” Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy told the Epoch Times.

Unlike Sens. Bernie Sanders and Elizabeth Warren, Biden has not advocated for a wealth tax. However, Biden’s plan “definitely would go a long way to reduce income inequality, and also wealth inequality,” according to Wamhoff, who previously worked for Sen. Sanders as a senior tax policy analyst.

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