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Biden Expected to Trigger
1st Major Tax Hike Since 1993

(Alex Wong/Getty Images)

President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.
The Treasury secretary is worried fallout from coronavirus could be worse than the 2008 financial crisis, a source says\u003c/strong>", " [lubuntu compaq1]

- March 17, 2020

" , title: "CNN - Breaking News, Latest News and Videos" , siblings: {"articleList":[{"uri":"/world/live-news/coronavirus-outbreak-03-17-20-intl-hnk/index.html","headline":"\u003cstrong>The Treasury secretary is worried fallout from coronavirus could be worse than the 2008 financial crisis, a source says\u003c/strong>","thumbnail":"//cdn.cnn.com/cnnnext/dam/assets/200122051245-steven-mnuchin-world-economic-forum-small-11.jpg","duration":"","description":"\u003cstrong>Get info: \u003c/strong>\u003ca href=\"https://www.cnn.com/specials/mobile-apps\" target=\"_blank\">Alerts\u003c/a> | \u003ca href=\"https://www.cnn.com/specials/coronavirus-newsletter?utm_source=hp&source=hp\" target=\"_blank\">Newsletter\u003c/a> | \u003ca href=\"https://www.cnn.com/audio/podcasts/c...

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