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Biden unveils $5.8 trillion budget proposal with tax hikes, spending boosts

Summary by Ground News

Biden's budget proposes to crack down on sophisticated tax planning used by the wealthy to avoid paying federal taxes. Minimum rate of 20% on taxpayers with incomes exceeding $100 million. Budget also proposes raising the corporate tax rate to 28% and curbing the use of tax havens.

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The Press Democrat

Biden's budget plan: Higher taxes on rich, lower deficits

Appearing at the White House with his budget director, the president said the proposal sends a clear message to the public about “what we value.”

3 years ago·Sonoma, United States

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9NEWS Denver

President Biden's budget plan: Higher taxes on rich, lower deficits

The higher taxes outlined on Monday would raise $361 billion in revenue over 10 years and apply to the top 0.01% of households.

3 years ago·Denver, United States

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WKYC

President Biden's budget plan: Higher taxes on rich, lower deficits

The higher taxes outlined on Monday would raise $361 billion in revenue over 10 years and apply to the top 0.01% of households.

3 years ago·Cleveland, United States

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WSVN

Biden’s budget plan: Higher taxes on rich, lower deficits

WASHINGTON (AP) — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and...

3 years ago·Miami, United States

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Hindustan Times

United States: Biden budget plan proposes higher taxes on the rich

The richest American taxpayers will pay a minimum tax on their income each year in a new budget plan, US President Joe Biden announced on Monday.

3 years ago·New Delhi, India

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WHDH

Biden’s budget plan: Higher taxes on rich, lower deficits

WASHINGTON (AP) — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and...

3 years ago·Boston, United States

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