Economist surprised Trump-era tax break survived Biden budget plan
President Biden surprised some analysts when his $6 trillion 2022 budget proposal didn't touch a 20 percent tax deduction, implemented by Republicans in 2017, for owners of closely held businesses, , but it wasn't mentioned in the proposal, which detailed the White House's first $2.4 trillion worth of net tax increases. The White House has yet to address the matter. William Gale, a senior fellow at the Brookings Institution, he was a "frankly … a little surprised that the Biden administration didn't propose curtailing" the deduction, which ...
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