Jorge Castro Comments on the Likelihood of Biden Administration's Tax Increases in InvestmentNews
"Political Reality is Likely to Curb, Not Stop, Biden's Proposed Tax Increases"
Tax Member Jorge Castro, former Congressional tax aide and Counselor to the IRS Commissioner during the Obama administration, commented on whether Democrats will rally and push through some version of President Biden's proposed tax increases to pay for his infrastructure and spending proposals. "You're definitely going to have one major tax bill passed, and it's going to include tax increases," said Castro. "They're willing to make the necessary concessions within their party dynamic to make it happen."