President Biden's tax policy and its impact

President Biden, known for his promise to raise taxes on the wealthy and corporations, has actually implemented tax cuts overall during his presidency. Despite his intentions to increase taxes on the rich and big companies, his tax policy has resulted in a net cut of about $600 billion over four years.

Biden's Economic Plan and Tax Proposals

US President Joe Biden is expected to advocate for higher corporate taxes and taxes on the wealthy in his State of the Union speech as part of his economic plan, aiming to lower the federal deficit and provide tax cuts for lower-income citizens.