Page 4 - Policy Studies Program News Today

This new tax would apply solely to people with at least $1 billion in assets or $100 million in income for three straight years. These standards mean that just 700 taxpayers would face an additional tax on increases to their wealth.

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright “wealth tax” when he campaigned for the White House last year. But his more conventional proposed rate increases on the income of

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires

To help pay for his big economic and social agenda, President Biden is looking to go where the big money is, and that's billionaires.

And how would it work?

Getty Images/Drew Angerer(WASHINGTON) -- Democrats on Wednesday scrambled to close the deal on President Joe Biden's landmark social spending legislation, focusing on new ways to pay for the package, including a billionaires' tax the White House said the president supports. At the same time, they were hoping to make enough progress that House progressives would agree to vote for a separate Senate-passed bipartisan infrastructure bill before Biden heads overseas Thursday. Just hours af...

Biden has pledged that his programs will not add a penny to the deficit, which means selling to Congress and voters a tax on the wealthiest .0005 percent of Americans.

Democrats are scrambling to close the deal on President Joe Biden's landmark social spending legislation on Wednesday before he leaves on an overseas trip Thursday.

A breakdown of President Bidens proposed rate increases.

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires.