<p>Biden Tax Plan Wouldn't Harm Economic Growth, CBPP Says</p>

Biden Tax Plan Wouldn't Harm Economic Growth, CBPP Says

Center on Budget and Policy Priorities

President Biden’s proposals to reduce tax preferences for high-income earners would “finance high-return public investments that promote more broadly shared prosperity” and wouldn’t negatively affect economic growth, the Center on Budget and Policy Priorities said in a May 11 report.

<p>President Biden’s proposals to reduce tax preferences for high-income earners would “finance high-return public investments that promote more broadly shared prosperity” and wouldn’t negatively affect economic growth, the Center on Budget and Policy Priorities said in a May 11 report.</p>