{"id":21527,"date":"2024-03-11T22:16:22","date_gmt":"2024-03-11T22:16:22","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/03\/11\/12-tax-changes-in-bidens-second-term-agenda\/"},"modified":"2024-03-11T22:16:22","modified_gmt":"2024-03-11T22:16:22","slug":"12-tax-changes-in-bidens-second-term-agenda","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/03\/11\/12-tax-changes-in-bidens-second-term-agenda\/","title":{"rendered":"12 Tax Changes in Biden&#8217;s Second-Term Agenda"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/873483413\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/03\/09_Tax_Money_Coins_Shutter_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<p><button id=\"start-slideshow-top\" data-toggle=\"modal\" data-target=\"#slideshowModal\" class=\"start-slideshow carousel-control slideshow-btn financial-planning \">Start Slideshow <img decoding=\"async\" src=\"https:\/\/www.thinkadvisor.com\/assets\/master-template\/images\/market-images\/tasr\/rightarrow.svg\" class=\"prevbtn-img\"><\/button> <\/p>\n<p id=\"first-para\">President Joe Biden\u2019s budget proposal \u2014 which calls for sweeping tax increases on corporations and the wealthy \u2014 is the opening round of a looming tax fight set to consume Washington next year.<\/p>\n<p>Congress will be forced into tough negotiations over <a href=\"https:\/\/www.thinkadvisor.com\/2024\/03\/11\/bidens-7-3t-budget-sets-up-tax-fight-with-trump\/\" target=\"_blank\" rel=\"noopener\">the future of the tax code<\/a>, with large portions of former President Donald Trump\u2019s 2017 cuts set to expire at the end of 2025.<\/p>\n<p>Many lower- and middle-income households will see a tax increase if lawmakers don\u2019t act, providing motivation for both Democrats and Republicans.<\/p>\n<p>Trump has vowed to push for the \u201cbiggest tax cuts\u201d ever if returned to power.<\/p>\n<p>Biden, meanwhile, is seeking higher levies on large businesses and investors, while preserving some of his rival\u2019s cuts.<\/p>\n<p>See the gallery for details on the tax proposals in Biden\u2019s budget request released Monday.<\/p>\n<p><em>(Credit: Shutterstock)<\/em><\/p>\n<h2><\/h2>\n<p class=\"disclaimer_message\">Copyright 2024 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<p> <button data-toggle=\"modal\" data-target=\"#slideshowModal\" class=\"start-slideshow carousel-control slideshow-btn financial-planning\">Start Slideshow <img decoding=\"async\" src=\"https:\/\/www.thinkadvisor.com\/assets\/master-template\/images\/market-images\/tasr\/rightarrow.svg\" class=\"prevbtn-img\"><\/button><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Start Slideshow President Joe Biden\u2019s budget proposal \u2014 which calls for sweeping tax increases on corporations and the wealthy \u2014 is the opening round of a looming tax fight set to consume Washington next&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21527"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21527"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21527\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}