The Christian Science Monitor

Why Democrats are getting bolder on tax hikes

As President Joe Biden works to sell his massive infrastructure bill, he’s making a big bet that tax hikes, which would pay for much of the plan, are no longer a political liability for Democrats.

After decades in which Democrats often tried to avoid being labeled a “tax and spend” party, Mr. Biden’s own pollster is urging him to publicly embrace certain tax increases rather than justifying them as a necessary evil, citing surveys that show that a majority of Americans support raising taxes on corporations and wealthy people – and have for years.

Many Democrats believe the pandemic’s impact on economic inequality, including boosting the fortunes of big companies like Amazon at the expense of small businesses and individuals, has given Mr. Biden an opening to press the argument. He’s proposing to fund nearly all of his $2.25 trillion infrastructure and jobs plan – which goes far beyond repairing roads and bridges to include investments in “human infrastructure” – by raising taxes on corporations. 

The White House estimates it could raise

Comparing corporate tax ratesWhat is “fair”?

You’re reading a preview, subscribe to read more.

More from The Christian Science Monitor

The Christian Science Monitor4 min readInternational Relations
Fearing Israeli Invasion Of Rafah, Palestinians Plan To Flee. But Where?
Panic is setting in across Rafah. Even as talks seeking an Israel-Hamas cease-fire enter a crucial stage this week, hundreds of thousands of displaced Palestinians are scrambling to find a way out of this cramped southern Gaza border city – and findi
The Christian Science Monitor2 min read
Whose Betrayal? Our Latest Rebuilding Trust Story Sparks Internal Debate.
An interesting thing happened as some of us at the Monitor were discussing this week’s cover story. We had an argument. Not an "I'm going to go away and write terrible things about you on social media" kind of argument. But the good kind – a sharing
The Christian Science Monitor5 min read
In Kentucky, The Oldest Black Independent Library Is Still Making History
Thirty minutes into the library tour, Louisa Sarpee wants to work there. History is so close to her. One block away from her high school, the small library she had never set foot in laid the foundation of African American librarianship. What is more,

Related Books & Audiobooks