US President Joe Biden wants to raise taxes on capital income for the richest 0.3% of Americans, the White House confirmed Monday (April 26th).
Read also: Biden for a minimum global tax on profits of 21%
This tax hike is part of a tax reform aimed at
“rewarding work and not just wealth,”
said Brian Deese, Joe Biden's chief economic adviser.
The reform project, the adoption of which by Congress should give rise to a bitter battle, far from being won, will only concern taxpayers earning more than a million dollars a year, he said.
According to him, only 0.3% of taxpayers, or about 500,000 households, are concerned.
“For 997 households out of 1,000, this change will have no impact,”
he insisted.
According to several American media, this tax rate could be almost doubled, from 20% to 39.6%.
Fund the investment plan
This tax reform aims to finance the "American Families Plan" ("Project for American families"), a set of investments centered on childhood, family and health, which Joe Biden is to outline Wednesday evening at the time of his first speech to Congress.
This proposal is the second part of a vast investment plan, the first of which, focused on infrastructure, was for $ 2.3 trillion over eight years.
Read also: Joe Biden at the bedside of an America in recession ready to bounce back
Joe Biden proposed, to finance it, to raise corporate taxes from 21% to 28%, partially offsetting the cut that had been granted by Donald Trump. Washington is also leading discussions at the G20 aimed at reaching an agreement on a minimum corporate tax rate, which would be identical in the signatory countries.
