Tag Archives: billionaire tax

by Jennifer Shutt, Missouri Independent March 28, 2022 WASHINGTON — President Joe Biden sent a new $5.8 trillion budget request to Congress on Monday that calls on lawmakers to institute a minimum tax on billionaires and boost spending on national security.  The proposal, which lawmakers will undoubtedly change, asks Congress …

President Joe Biden will propose a new 20 percent minimum tax on billionaires as part of his fiscal year 2023 budget, according to a document released by the White House on Saturday. The White House said that the “billionaire minimum income tax” Biden will propose would apply to the top …