![]() It would hire IRS enforcement agents who are trained to pursue wealthy evaders, modernizing outdated IRS technology, and investing in taxpayer service.Īfter months of negotiations and concessions that resulted in Biden’s initial proposal of $3.5 trillion being cut in half, the White House expressed confidence on Thursday morning that this new framework would have enough support to pass both the House and the Senate.The White House stresses nobody earning $400,000 or less would have their taxes raised. Would impose a new surtax on the income of multi-millionaires and billionaire – a 5% rate above income of $10 million and an additional 3% surtax on income above $25 million. ![]()
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