Analysis: Joe Biden would raise taxes by $4 trillion, nearly 3 times more than Hillary Clinton's 2016 plan

Former Vice President Joe Biden has positioned himself as a "moderate" in the Democratic nomination race, but his tax plan would raise taxes by $4 trillion over a 10-year period, according to an analysis by the liberal Urban-Brookings Tax Policy Center.

The TPC concluded that under Biden's plan, all income groups would pay higher taxes while businesses and individuals making over $400,000 per year would be the hardest hit. The think tank also noted that non-high earners could also see their taxes go up due to corporate tax increase.