Biden plans to beef up IRS to claim up to $700bn in tax from richest Americans
by Edward Helmore in New York from US news | The Guardian on (#5H49G)
- President set to give US tax agency an extra $80bn in resources
- Biden to order federal contractors to pay $15m minimum wage
Joe Biden plans to give tax collectors an extra $80bn to seek as much as $700bn in new revenue from high earners and large corporations, as part of the American Families Plan" set to be unveiled this week.
Separately, the White House announced overnight that Biden will issue an executive order requiring federal contractors to pay a $15 minimum wage to workers on federal contracts.
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