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Joe Biden calls for higher taxes on corporations and the wealthy

President Biden s budget aims to cut deficits by $3 trillion through tax increases. It proposes $5 trillion in additional taxes on corporations and high earners, raising the corporate tax rate, denying deductions for executive pay, and implementing a wealth tax on billionaires. ....

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Biden calls for higher taxes on corporations and the wealthy

The budget that President Biden released Monday projects to cut deficits by $3 trillion over a decade, and it does so with an approach that has become familiar: tax increases for companies and the wealthy. ....

United States , New York , White House , District Of Columbia , Chuck Grassley , Shalanda Young , Senate Budget Committee , New York Times , Treasury Department , Republicans In Congress On , New Hampshire , Inflation Reduction , Shore Up Retirement , Social Security , Likely Dead ,