Biden uses tax policy to buy votes

Joe Biden is buying votes again. His tax revenue proposal for fiscal year 2025 promotes targeted tax increases that affect white individuals more than other groups with the goal of helping to ease racial wealth inequality. By raising taxes on accumulated wealth based upon income and capital gains, a Treasury Department analysis shows that black and Hispanic families could see a reduction in wealth disparity. The disparity cause: whites tend to own assets subject to capital gains tax and/or fall into higher income tax brackets. As part of his tax...