Number of People Opposing Biden's Tax Increase Bill is Increasing!

Number of people opposing US President Joe Biden's tax increase bill is increasing day by day.

The number of those who are against Biden's tax increase bill rose. As US President Joe Biden continues to prepare for the biggest tax hike since 1993, there are signs that Democrats will drastically reduce the upcoming increases in Congress. The economy, which was hit hard by the coronavirus epidemic, is slowly recovering, but still over 8 million American citizens are unemployed and some Democrats worry that high taxes will interrupt economic growth. Speaking in an interview on the subject, Maryland Senator Chris Van Hollen said, “We are considering some options for the bill. Each of the 50 Democrats needs to get their game. There is no chance for error.” The Ministry of Treasury has not presented the details of the tax plan for the time being, but a Democrat official, who does not want to be named, noted that the congressmen were “fine-tuning” some of the articles in terms of policy. Some Democrats opposed Joe Biden's proposal to raise corporate tax from 21 percent to 28 percent, and Democrat Senator Joe Mancini said they would prefer 25 percent.