Key Biden Nominee Open to Raising Taxes on Middle Class

A woman in a blue jacket speaking with her hand raised, against a colorful background.
A speaker engages the audience during a presentation.

Source: The Western Journal

President Joe Biden’s commerce secretary nominee, Gina Raimondo, signaled to lawmakers Tuesday that she is open to hiking taxes on the middle class to raise funds to fight climate change.

During her nomination hearing, Florida Sen. Rick Scott asked the Rhode Island governor how her state plans to pay for the Transportation and Climate Initiative Program, an agreement between Rhode Island, Connecticut, Massachusetts and the District of Columbia meant to reduce carbon emissions.

“The document I signed — by the way it was bipartisan, Republican and Democratic governors — was an intention to work together with our legislators to develop a transportation climate initiative, so it’s very early in that process,” Raimondo said.

Scott then recalled that during his transportation secretary nomination hearing, Pete Buttigieg said he was open to raising the federal gas tax, which is currently 18.4 cents per gallon. Scott noted that would “impact the poorest families in our country significantly.”

“What is your position on that and how would that impact your ability to do your job as secretary of commerce?” the Florida Republican asked.

Raimondo said that she “would defer to Congress to make that decision.”

“Let me say this. I, as governor, am deeply in touch with how much increasing bills affect the average American family,” she said.

“Having said that, we do need to meet the climate change challenge and we need funds for improved infrastructure — better roads, safer roads, safer bridges — which also creates jobs.”

Completing this poll entitles you to The Western Journal news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.

She added, “So I would look to balance those interests and work as a piece of the president’s team.”

Biden’s $2 trillion climate plan aims to make investments in infrastructure, transit, buildings and “environmental justice,” among other things.

During his campaign, Biden repeated variations of his promise that people who make under $400,000 a year would not have their taxes raised.

The commerce secretary is one of the heads of the 15 executive departments in the president’s Cabinet.

The primary roles of the position include overseeing business community relations, regulating technology and gathering economic data.

Raimondo has a background in the financial industry and has served as Rhode Island’s governor since 2015, according to The New York Times.

Some progressive groups have said that the Biden administration should have chosen a populist Democrat instead of Raimondo.

The Revolving Door Project and Demand Progress said in a Jan. 6 announcement that Raimondo is a “corporate insider” who took away funding from low-income areas of Rhode Island during the coronavirus pandemic.

Read more Insights

Financial Health President Biden's Tax Plans for the Next Few Years Leverage the Tax Code for potential tax planning opportunities.
Financial Health Biden Tax Calculator: How Might Your Taxes Change? Leverage the Tax Code to understand potential tax impacts.
Financial Health What corporate tax departments can expect from Biden’s tax policies in 2021 and beyond Leverage the Tax Code to prepare for Biden's tax proposals.
Financial Health Be Ready for Big Changes: 2021 Tax Planning Leverage the Tax Code for strategic planning in 2021.
Financial Health What Changes You Could See Under Biden's Tax Plans Leverage the Tax Code to navigate potential tax changes.
Financial Health Act Like a Big Business - Use Proactive Tax Planning Leverage the Tax Code for Small Business Savings
Financial Health Act Now or Forever Pay More Taxes Leverage the Tax Code for significant savings.
Financial Health Apply 20/20 Hindsight Profitably Through Tax Planning Leverage the Tax Code for future tax savings.
Financial Health Are You a Savvy Taxpayer or a Plucked Goose? Leverage the Tax Code to optimize your tax strategy.
Tax Planning Asking for a Second Opinion Unlocks Great Tax Benefits Leverage the Tax Code for better tax outcomes.
Financial Health Businessman Sells Company – Keeps Taxes in His Pocket for Years Leverage the Tax Code to maximize your retirement savings.
Financial Health Control the Tax Bite When Selling Real Estate Leverage the Tax Code to maximize profits from real estate sales.
Back to InsightsView Case StudiesExplore Services