Checks and Balance: Taxing times
Democrats are in a fight to turn President Biden’s signature economic proposals into law. They want to raise the top rates of income tax and increase corporate tax to fund them. It would be the first big hike in federal taxes in nearly three decades. What is the best way to pay for Joe Biden’s vision of America?
The Economist’s Simon Rabinovitch takes us through the president’s tax plans. We go back to the time when the stars of Hollywood’s Golden Age became tax dodgers. And Erica York from the Tax Foundation tells us America’s fiscal system is surprisingly progressive.
John Prideaux hosts with Charlotte Howard and Jon Fasman.
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