Published 2 years ago

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 Guardian

Biden targets America’s wealthiest with proposed minimum tax on billionaires | US taxation | The Guardian

Tax on households over $100m aims to ensure wealthiest Americans no longer pay lower rate than teachers and firefighters

2 years ago·London, United Kingdom

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CTV News

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

U.S. President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing.

2 years ago·Canada

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The Independent

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

President Joe Biden is releasing a budget blueprint that tries to tell voters what a diverse and at times fractured Democratic party stands for

2 years ago·London, United Kingdom

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Reuters

Biden says budget targets Trump's 'fiscal mess,' raises taxes on wealthy

U.S. President Joe Biden on Monday submitted a $5.79 trillion budget plan to Congress that calls for record peacetime military spending and further aid for Ukraine, while raising taxes for billionaires and companies and lowering government deficits.

2 years ago·United Kingdom

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Associated Press News

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

WASHINGTON — President Joe Biden released a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education,

2 years ago·United States

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