Democrats are forging plans to raise tax rates on companies and wealthy individuals next year if they hold the White House and win control of Congress.
Biden’s tax plan has already been accepted through the IRS and Department of the Treasury, and would go into effect when Trump’s tax plan expires at the end of this year, as long as Democrats vote in November.
With 33 Senate seats up in November and all 435 House seats, Democratic abstentions could absolutely cede control to Republicans. Inversely, a large movement voting against Trump, along with moderate Republican abstentions, could give Democrats full control of Congress.
Biden’s tax plan has already been accepted through the IRS and Department of the Treasury, and would go into effect when Trump’s tax plan expires at the end of this year, as long as Democrats vote in November.
https://home.treasury.gov/news/press-releases/jy2169
With 33 Senate seats up in November and all 435 House seats, Democratic abstentions could absolutely cede control to Republicans. Inversely, a large movement voting against Trump, along with moderate Republican abstentions, could give Democrats full control of Congress.
Vote in November.