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Biden to go full Robin Hood and tax the wealthy to assist college students and households

President Biden plans to raise taxes for the richest Americans and use the money for educational and family programs.

Politico reported:

And maybe even more to the point: how much will they try to raise taxes from the better and the corporations? Well: According to Ron Wyden (D-Ore.), CFO of the Senate, not sure yet.

The Biden team is planning higher taxes for businesses that choose the infrastructure, while tax increases for the rich would fund new initiatives for families and education. But Wyden has since acknowledged in multiple interviews that the Democrats on the Hill are still working on how big they want to be on that front.

Some of these educational programs that the White House is considering likely include student loans and plans to make college free or more affordable. When it comes to families, it could be anything from programs to help families buy a home to promoting food stability and health care. The biggest problem many families face is financial, so it wouldn’t be shocking to see the Biden building on the incentives to give families an economic boost.

President Biden and his administration are promoting some of the most progressive ideas in American politics since The Great Society.

Biden goes full Robin Hood, absorbing economic inequality in the United States in the process.

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Mr. Easley is the Founder / Senior Editor, White House Press Pool, and a Congressional Correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public order with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

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