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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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Bias Distribution

  • 71% of the sources are Center
71% Center

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k12dive.com broke the news in on Monday, March 28, 2022.
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