Biden’s 2023 budget proposal includes a “Billionaire Minimum Income Tax” that would subject households worth over $100 million to a 20 percent minimum tax rate, a measure that progressives have long called for.
On Monday, the White House unveiled President Joe Biden’s 2023 budget proposal, which includes a minimum tax on the nation’s wealthiest people, a measure that progressive lawmakers and advocates have long called for.worth over $100 million to a 20 percent minimum tax rate.
. Overall, the proposed budget would lower the federal deficit by more than $1 trillion over the next 10 years.tried to pass
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