Biden has talked about raising corporate tax rate from 21% current to 28%. It was 35% but dropped by trump in 2017
Individual tax rates increased under carter, reagan, ghwbush, clinton. Taxes decreased by gwbush and cuts were extended by obama. Then trump dropped them further. So basically each president has made changes.
The pubs have done a good job with messaging but usually the economy actually runs better with higher individual rates.
Higher rates would help with income inequality which is a huge issue now. The rich should be paying more and the middle and lower class less so they would have more disposable income to buy stuff and actually expand the economy. There's only so much the rich can buy so they use the excess to invest which doesn't help anybody but themselves.
Individual tax rates increased under carter, reagan, ghwbush, clinton. Taxes decreased by gwbush and cuts were extended by obama. Then trump dropped them further. So basically each president has made changes.
The pubs have done a good job with messaging but usually the economy actually runs better with higher individual rates.
Higher rates would help with income inequality which is a huge issue now. The rich should be paying more and the middle and lower class less so they would have more disposable income to buy stuff and actually expand the economy. There's only so much the rich can buy so they use the excess to invest which doesn't help anybody but themselves.