<p>Tax Foundation: Biden's Tax Proposals Would Raise $3.8 Trillion </p>

Tax Foundation: Biden's Tax Proposals Would Raise $3.8 Trillion 

Tax Foundation

Democratic presidential candidate Joe Biden’s central tax proposals would raise $3.8 trillion in revenue on a conventional basis from 2021 to 2030 or $3.2 trillion on a macroeconomic basis, lower after-tax income for all levels, and reduce long-term GDP by 1.51 percent, the Tax Foundation said in a report released April 29.

<p>Democratic presidential candidate Joe Biden’s central tax proposals would raise $3.8 trillion in revenue on a conventional basis from 2021 to 2030 or $3.2 trillion on a macroeconomic basis, lower after-tax income for all levels, and reduce long-term GDP by 1.51 percent, the Tax Foundation said in a report released April 29.</p>