TAXES AND THE PRESIDENT’S PLANS

President Joe Biden has proposed a multi-trillion infrastructure plan and American Families Plan. This newspaper is committed to following these proposals and explaining how they could transform government services and how they will affect you. The cost and how to pay for the programs has ignited a debate about taxes. Biden’s plan calls for increased taxes on corporations and on the wealthiest Americans.

Those who support the tax increases say corporations and the wealthy should pay more. They make their case by arguing that tax policies over the past couple of decades have favored companies and the wealthy, and that less wealthy Americans pay a greater percentage of their income in taxes.

Those who oppose increasing taxes point out that the wealthiest Americans pay a large share of the taxes the IRS collects. According to the Tax Foundation, the top 1% of earners pay more than one-third of income taxes. We will report on all sides of this debate and will work to keep you informed about the costs, benefits and risks. We want to answer your questions and hear from you about what you’d like to know about these proposals. Send your comments to edletter@coxinc.com.