11min chapter

The Daily cover image

The Accidental Tax Cutter in Chief

The Daily

CHAPTER

Wealth Tax Strategies and Political Implications

This chapter explores the proposed taxation on individuals with substantial wealth, particularly those with assets over $100 million, examining the challenges and constitutionality of such measures. It discusses President Biden's ambitious attempts to increase tax burdens on the wealthy amid political hurdles and shifting public sentiment. The conversation highlights the Democratic Party's evolving strategy in the context of tax policies, including a populist approach that seeks to reconnect with the working class.

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