Joe Biden

The president's promise to start narrowing income and wealth gaps underpins every part of his economic program.

The proposed top 39.6 percent tax bracket in the administration's “American Families Plan” would encompass less than 1 percent of taxpayers.

The president holds some advantages in pushing for what would be a massive expansion of the government.

The president is on the road to sell his plans to build infrastructure and invest in education, child care and other priorities.

President Biden’s American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes on capital gains.

The proposal won’t affect couples with incomes below $400,000 — but could impact couples who together exceed that threshold.

The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans.

The president called for higher taxes on the rich to fund a massive investment in the nation’s social safety net.

The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades.

The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

The president’s decision threatens to complicate congressional negotiations over his sweeping new social-spending program.

President Joe Biden’s coming proposal to ramp up the capital gains tax would hit both individuals earning $1 million and married couples filing jointly earning the same amount, according to a White House official.

President Joe Biden’s coming tax package will feature an end to a major benefit for wealthy estates that drastically minimizes the levy for inheritors, along with a bump up in the top income tax rate and funding for strengthened IRS auditing, according to a person familiar with his proposal.

Biden’s proposal to raise capital gains taxes on investments profits would hit many business owners, not just ultra-wealthy investors.

It’s all but inevitable that the Biden administration, as well as lawmakers at the state level, will target millionaires and billionaires for more levies.

The tax would discourage companies from shifting operations to nations with less-stringent rules.

The president is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades.

The White House plans to propose almost doubling the capital gains tax rate for those earning $1 million or more, to 39.6 percent.

His plan includes a proposal to almost double the capital gains tax rate for wealthy individuals to help pay for a raft of social spending, according to people familiar with it.

Sen. Ron Wyden proposes ending existing tax breaks for fossil fuels and creating new incentives for low-and-no carbon energy sources.