Joe Biden's Tax Proposal Challenged as He works his way with Bernie Sanders

The latest tax proposal of President Biden once again put billionaires and corporate America in his crosshairs. The debate this has raised puts in question his plan. Huge increases for wealthy individuals and corporations are included to help Biden deal with record national debt and firm up his economic agenda.

Nevertheless, the proposal has not only been surrounded by controversy, but many experts also question the feasibility and practicability of the proposal-not to mention implications on the economy and political landscape.

What is most typical for Biden's tax proposal is so characteristically in cooperation with Senator Bernie Sanders, an icon, almost, of progressive politics. Sanders has spent a very long career calling for policies to challenge income inequality and raise taxes on the rich. The fact he helped shape Biden's tax plan evidences how the moderate and progressive wings of the Democratic Party are growing more aligned.

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While the proposed tax raises the minimum corporate tax rate from 15% to 21%, it imposes at least a minimum of 25% on billionaires. These provisions, therefore, will raise revenue while reducing the country's growing wealth gap.

But critics said the plan faces an uphill battle in Congress, where Republicans hold considerable sway. For now, the outlook for the proposal is cloudy with lawmakers continuing to debate its merits and implications for the economy.

At the same time, Biden's work with Sanders reflects a growing push inside the Democratic Party toward the reconciliation of ideological splits for a common agenda. Through Sanders, Biden reaches out to the rest of the progressive leaders and tries to forge a consensus on his policies.

The tax proposition is but one example of Biden and Sanders working together in their quest for common ground on basic issues confronting the nation. In fact, the partnership has acted as a barometer with governance and policymaking charting a changed dynamic not merely within the Democratic Party but larger in the topography of politics.

Over the next several weeks, Congress no doubt will closely debate the Biden tax proposal. These debates will frame not only the future of taxation and fiscal policy but of the economy and society as a whole.

But as Biden tries to marshal public support for the tax plan, his partnership with Sanders and the rest of the leaders will be crucial in terms of messaging and grass-roots mobilization. Its path-the proposal's path-through Congress, whether to success or failure, will be watched with equal interest by policymakers, pundits, and the American public alike.