Biden's Tax Hike Delivers Bad News To 11 States

By Mike Fishmore | May 8, 2024

Intense debates

President Joe Biden's budget plan includes a proposal to raise taxes on individuals, which could potentially harm the economy. 
 

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This has sparked intense debates in both political and economic circles, further complicating the impact of Bidenomics. 
 

Tax increase

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Some argue that such a tax increase could be so severe that it would shock even the Founding Fathers if they were alive today. "How would the capital gains tax change under Biden’s FY 2025 budget proposal?" Forbes senior contributor Robert W. Wood asked in a piece published on Sunday,