The idea of raising taxes on the extremely wealthy and large businesses to help control inflation has been proposed. Would this really help and is controlling inflation the business of Congress or the Fed? Howard Gleckman for Forbes.com suggests that a tax increase on middle income would provide the most benefit but would not be seen as favorable. He also points to the fact that an inflation busting tax increase imposed on working families could add to their hardship and would be opposed by lawmakers on both sides.
Read more here: Should Congress Raise Taxes To Fight Inflation?
