Deficit cut, billionaire tax: What is in Biden's budget?

​The president is proposing a 25 percent minimum tax on the wealthiest 0.01 percent, or those with wealth exceeding $100 million, according to the budget proposal released Thursday. He also seeks to raise the corporate tax rate to 28 percent from 21 percent, undoing legislation passed under his Republican predecessor Donald Trump in 2017.

from International-News-Economic Times https://ift.tt/AjiokKz
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