US President Joe Biden wanted to increase taxes for the richest Americans and declared this in addressing Congress. The text of the appeal is posted on the website of the White House.
According to Baiden, the reform will affect citizens earning more than 400 thousand dollars a year. The income tax rate will increase to 39.6 percent. Now such a bet is set for income above 406,751 dollars a year, while lower earnings are taxed at a rate of 35 percent and below.
“I will not raise taxes for people earning less than 400 thousand dollars a year. Corporate America and one percent of the richest Americans came time to pay their fair share. Just pay your fair share,” said the president, adding that, According to a recent study, 55 of the largest US companies last year did not pay a federal income tax for a total of more than 40 billion dollars.
“But I will not increase the tax burden of the middle class of this country. They are so paying enough,” the president promised.
He also presented in detail by Congress a new infrastructure development plan with a volume of 2.2 trillion dollars. He, according to Baiden, is aimed at supporting the American working class, and the implementation of the initiative “will create millions of jobs and will provide economic growth in the amount of trillion dollars for the years ahead.”