To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden has vowed that his programs will not add a penny to the deficit, which means selling to Congress and voters a tax on the wealthiest. 0005% of Americans. This new tax would apply solely to people with at least $1 billion in assets or $100.
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News and Public Affairs 10-25-2021 wpkn.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wpkn.org Daily Mail and Mail on Sunday newspapers.
Progressive lawmakers and other advocates of economic justice welcomed new legislative text for the Billionaires Income Tax unveiled Wednesday by Senate Finance Committee Chair Ron Wyden as part of Democrats Build Back Better Package."Justice and just plain common sense demand that billionaires pay.