[Skybird]

One thing should be clear. When watching at how Finland, Sweden, Germany went through the crisis (better than most), although they have relatively high taxes, and how lower taxes in the US do not create jobs and left the US economy in worst shape than these European countries nevertheless, and when considering the high debts of the US, then there is hardly a reasonable claim to make why the US should not increase taxes/tax income. The US tried its old ways over the past years, and I cannot see that it worked. Plus there is a debt burden so high that it threatens to completely paralyse the state and taking it hostage, leaving it no freedom to move, act, form and decide anymore.

There is also no doubt that US big business is allowed more tax evasion opportunities than in other any Western country. And when considering how proverbial Greek tax evasion cleverness has become, this really means something! Some major corporations do not only pay no effective taxes, but even get revenues from the state in return. I linked to some according facts on that maybe two months ago, did I. So, beside tax raises the closing of tax loopholes also is a big big big big big issue. And no surprise - plenty of lobbying is being run to prevent right this. Those benefitting from the flawed tax system in the US are too powerful and too influential as that they just have to accept without resistence these benfits being taken away from them, and them being made ordinary subjects of the tax laws like everybody else.

Biden currently is in China, and the US finances will be the major issue, no doubt. I would not like to be in his place.