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Higher taxes may be on the way for some people and companies if Congress adopts President Biden’s budget proposal. archna nautiyal / Shutterstock.com
The White House has released President Joe Biden’s proposed budget for fiscal year 2025. It includes a number of tax hikes for people and companies in various demographics, including scenarios that would reverse past tax cuts or take away existing tax breaks. It’s important to note only Congress can pass a budget, and proposals like this are generally unlikely to make it through Congress…
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