**WSJ Exclusive: Biden Administration to Propose Sweeping Changes to US Tax Code** In a move that could have far-reaching implications for American taxpayers, the Biden administration is set to unveil a comprehensive overhaul of the US tax code. Sources close to the White House have confirmed that the proposal, which is expected to be announced within the coming weeks, will aim to simplify the tax system, close loopholes, and increase revenue for the government. The plan is expected to target high-income earners and large corporations, with potential changes to the taxation of capital gains, dividend income, and other areas. As the administration seeks to address growing budget deficits and fund key policy initiatives, the tax code changes could have significant consequences for individuals and businesses across the country.
