'Super Bowl of tax reform': Groups gear up for fight over Biden plan to raise taxes on rich, corporations
It is shaping up to be the "Super Bowl of tax reform," according to one person who is planning to join the fight. Conservative and libertarian-leaning groups made the passing of former President Donald Trump's tax plan a top priority at the start of that administration. Now such groups, including the one backed by billionaire Charles Koch, are preparing to campaign against Biden's tax reform proposal. The Trump tax cuts reduced the corporate rate from 35% to 21%. Americans for Tax Reform, which was founded by anti-tax crusader Grover Norquist, for years has pushed back on any attempts to raise taxes.
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