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HILL TAX BRIEFING: Biden Weighs Middle-Class Relief, Tax Hikes

March 17, 2021, 10:19 AM

President Joe Biden is eyeing tax relief for middle-class families making $110,000 per year as part of his larger tax plans to raise taxes on corporations and wealthy Americans.

“The president’s tax plan is intended to make sure that middle-class families are not paying more than their fair share and that the wealthiest folks, who by and large have done quite well over the last several years, including during the last year, are paying a little bit more,” Bharat Ramamurti, deputy director of the National Economic Council, told Bloomberg Television yesterday.

Republicans, including Sen. Rick Scott (Fla.), have blasted ...