Biden Eyes Federal Tax Hike in Long-Term Economic Plan

The video discusses potential tax changes under President Biden, focusing on corporate and income tax hikes. It highlights the emphasis on wealth and income, aiming to address inequality. The debate on the progressiveness of the US tax system is also covered, with a focus on the top 1% and the views of progressive Democrats.

What are the two main tax changes President Biden is considering?

• Introducing a flat tax rate for all income levels

• Raising the corporate tax rate and income tax for those earning over $400,000

• Eliminating taxes for individuals earning less than $50,000

• Lowering the corporate tax rate and increasing taxes on small businesses

What is one of the primary goals of the proposed tax changes?

• To reduce taxes for middle-class families

• To fund an upcoming infrastructure package

• To increase military spending

• To provide tax breaks for small businesses

Which group is primarily targeted by the proposed tax changes?

• Wealthier Americans and larger corporations

• Small business owners

• Non-profit organizations

• Middle-class families

What is a common argument from progressive Democrats regarding the US tax system?

• It is too lenient on middle-class families

• It is not progressive enough and should be more equal

• It is overly complicated and needs simplification

• It unfairly targets small businesses

Who is often mentioned in discussions about inequality in the US tax system?

• Non-profit organizations

• The top 1% of earners

• Middle-class families

• Small business owners