President-elect Joe Biden’s proposed tax plan would raise taxes on high-income households and corporations. At the same time, he plans to increase tax credits for many low- and moderate-income families. Biden’s plan would repeal many of the tax cuts outlined in the Trump-sponsored Tax Cuts and Jobs Act (TCJA). 

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Kimberly Amadeo

Original Article Posted on:   April 30, 2021

Link to Original Article:  https://www.thebalance.com/biden-s-tax-plan-5095241