WASHINGTON—President Joe Biden will announce a new minimum tax targeting billionaires as part of his 2023 fiscal year budget on Monday, according to the White House. The Biden administration announced the proposal on Sunday in a fact sheet ahead of the budget release, stating that the president’s plan “rewards work, not wealth.” “President Biden’s Billionaire…
White House to Propose New Minimum Tax on Billionaires
WASHINGTON—President Joe Biden will announce a new minimum tax targeting billionaires as part of his 2023 fiscal year budget on Monday, according to the White House. The Biden administration announced the proposal on Saturday in a fact sheet ahead of the budget release, stating that the president’s plan “rewards work, not wealth.” “President Biden’s Billionaire…
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