Washington: President Joe Biden on Thursday proposed a minimum tax on billionaires and an almost tripling of corporate taxes as part of a revenue overhaul in his proposed new budget, which is certain to be rejected by Republicans in Congress. The White House said Biden wants a minimum 25 percent tax on the wealthiest few Americans. The corporate tax would increase significantly to 28 percent, reversing a huge tax cut enacted under president Donald Trump in 2017, the White House said. President Biden presented Thursday what amounts to his 2024 reelection pitch on the US economy, with a proposed budget targeting the rich with new taxes, while promising to assist the country’s “working families.” Read all the Latest News , Trending News , Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook , Twitter and Instagram .
Biden pitches billionaires, corporate tax hikes in budget
agence france-presse
• March 9, 2023, 23:57:49 IST
President Joe Biden presented Thursday what amounts to his 2024 reelection pitch on the US economy, with a proposed budget targeting the rich with new taxes, while promising to assist the country’s “working families.”
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