Live Update 
From the Liveblog of
Wednesday, April 28, 2021
From the Liveblog of
Wednesday, April 28, 2021
Biden unveils reversal of Trump tax cuts for most wealthy
Add ToI as a Preferred Source on GoogleUS President Joe Biden wants to reverse his predecessor Donald Trump’s tax cuts for the wealthy to pay for a huge middle-class families spending plan, senior administration officials say.
Biden will use his speech to a joint session of Congress to unveil the $1.8 trillion American Families Plan, funded by ending Trump’s tax cuts and closing loopholes used by the most wealthy to escape paying their share, officials say.
“The president will be proposing a set of measures to make sure the wealthiest Americans pay the taxes that they owe, while also ensuring that no one making less than $400,000 a year will see their taxes go up,” one official, who has asked not to be identified, tells reporters.
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