FOX BIZ NEWS: Tax hikes in Biden's spending plan could raise $500B less than estimated, analysis shows

Tax hikes in Biden's spending plan could raise $500B less than estimated, analysis shows



President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.