Joe Biden’s plan to raise taxes on corporations and the rich, explained
Taxing the rich, not abolishing billionaires.
Joe Biden wants to see higher taxes on the rich, especially those who derive most of their income from stock ownership and other investments, according to a detailed revenue plan first reported this week by Bloomberg.
The former vice president’s overall vision for increasing social spending in the United States is ambitious — headlined by a $1.7 trillion climate plan, a $750 billion health plan, and a $750 billion education plan — but significantly less so than the ideas that left-wing rivals Sens. Elizabeth...