But at no point has tax policy been a centerpiece of Democratic governance. Biden’s campaign tax proposals fall generally within this recent Democratic tax tradition. That’s not to say that Biden’s tax plan is small when measured in dollar terms. His plan to increase the corporate income tax rate to 28 percent would raise an additional $1.3 trillion, according to the Tax Policy Center report. It’s hard to say exactly where the Biden campaign will land when it comes to tax policy.

Source: Forbes July 02, 2020 16:41 UTC