Biden's excessive tax burden infuriates Americans

  


WASHINGTON - US President Joe Biden now wants another $ 2 trillion for a nationwide infrastructure plan and expects corporations to pay for the project, through the highest tax hike in 30 years.

 

Biden traveled to Pittsburgh on Wednesday afternoon to promote his controversial plan, highly criticized by experts and the Republican wing in both Houses.

 

The first phase of its "Build Back Better" program involves investments that would span eight years and would be financed by an increase in corporate income tax from the current 21% to 28%.

 

Economists say that a sharp rise in taxes on large and medium-sized companies translates into an increase in the entire supply chain and finally in a price increase that triggers inflation in the country, which is already 1.6%.

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