The White House is weighing how to finance an infrastructure and jobs package.
President Joe Biden is seeking to finance a major infrastructure and jobs package in the months ahead, and it appears increasingly likely tax hikes will be among the bill's key components.
The Biden administration is reportedly considering a tax increase on both high-earning Americans as well as big corporations, White House aides told Axios.
During the campaign, Biden laid out an economic plan to increase taxes on the top income bracket to 39.6%.
He labeled a coming infrastructure package a "Trojan horse" aimed at implementing many progressive priorities in lieu of focusing spending on roads and bridges.
The White House still hasn't laid out an infrastructure package, though Congressional Democrats are in the early stages of assembling one.
White House Press Secretary Jen Psaki reiterated on Thursday that Biden wants to raise taxes on certain Americans. »