Commentary I am writing this on April Fool’s Day. That may be the perfect day to try to explain how impossible, and indeed foolish, the newest Joe Biden tax proposal is. President Biden is proposing a tax on wealth appreciation for people above a certain level of wealth. In that group, if you have a…
‘Billionaire Tax’ Expands Taxable Income, Should Be Dead on Revival Say Critics
March 30, 2022
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President Joe Biden’s proposed “billionaire tax” may sound good to many voters, but it is fraught with vagaries that could redefine—and expand—the nation’s tax code, according to first-look analyses across a range of publications and sites, from The Wall Street Journal to the Heritage Foundation. The tax proposal was included within Biden’s $5.8 billion Fiscal…
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