The Joe Biden White House and Democrats in Congress are focused on increasing taxes on those with high incomes to help fund a sweeping legislative agenda. The majority of Americans, public opinion data show, favor the concept of higher taxes on the wealthy — a fact of which the White House and Democrats in Congress are well aware. …
But, as is true with most things in life, nothing is unambiguous, and few things are unequivocal. What follows is a brief review of several considerations I think can be usefully taken into account by policymakers as they move forward on efforts to reduce inequality by raising taxes on the rich and wealthy. CONTINUED
Frank Newport, Gallup