President Joe Biden and congressional Democrats’ Build Back Better Act would increase taxes on higher-income earners and expand business levies to help cover its $2.4 trillion price tag.

Biden and many Democrats in Congress have argued that their plan to raise taxes in the midst of an economic recovery is justified because it would help offset or reverse important elements of the Republican tax reform passed in 2017. Democrats have long claimed that the Tax Cuts and Jobs Act needs to be repealed or heavily altered because it unjustly benefits the wealthy at the expense of working and middle-class families.