Biden has a radical, socialist new tax plan to jack the income tax on top earned all the way up to levels that haven't been seen in this country since...2017? The usual Beltway media drones have labeled this as radical and it's really not.
There is something slightly radical in Biden's capital gains tax cuts, but it's also "progressive" in terms of who it hits - Big Time investors. In the past the GOP has been pretty successful at scaring both voters and Senators into not jacking up taxes on capital gains, but hopefully this time is different. We tax investment income at a fraction of other income and that needs to stop.
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