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Why don’t 99 percent of Americans support the Biden tax plan?

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The richest one percent of Americans evade $163 billion a year in taxes, according to the Treasury. What does the Biden Administration plan to do about it? President Biden is proposing an overhaul of tax policy by doubling the capital gains tax from 20 percent to 40 percent, and by applying capital gains and income taxes to inheritances, among other reforms. “Boom Bust” co-host Brent Jabbour reports. Then bestselling author, professor D. Watkins joins Rick Sanchez to share his expertise. Then professor and author D Watkins weighs in.

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Category
U.S. & Canada
Tags
Biden Tax plan, tax cuts, tax cuts and jobs act of 2017
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