Episode 21: Will the Biden Tax Proposals Impact Your Finances?
Sep 29, 2021
President Biden has had a rough summer with heat waves, hurricanes, wildfires, vaccine arguments, the Afghanistan withdrawal and higher inflation. Now, with autumn here, he faces another test: His administration has announced a number of tax proposals to fund new government investments such as infrastructure, education, and family programs as part of the Build Back Better agenda.
Here are just a handful of the things that we'll discuss:
- Breaking down individual and corporate tax rates slated for change.
- A 900-page proposal… Has anyone in government really read all of it?
- Will the enactment of higher taxes amidst a fragile economic recovery ultimately contribute to stagflation?