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Manchin raises concerns over billionaires' tax as Democrats scramble to close social spending deal - Vimarsana News

Manchin raises concerns over billionaires' tax as Democrats scramble to close social spending deal

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 after Senate Democrats on Wednesday morning unveiled the "billionaires tax" -- to tax the we...

What's a 'wealth tax' and how would it work? - Vimarsana News

What's a 'wealth tax' and how would it work?

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.

Manchin raises concerns over billionaires' tax as Democrats scramble to close social spending deal - Vimarsana News

Manchin raises concerns over billionaires' tax as Democrats scramble to close social spending deal

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.

Source: go.com
EXPLAINER: What's a 'Wealth Tax' And How Would it Work? - Vimarsana News

EXPLAINER: What's a 'Wealth Tax' And How Would it Work?

A breakdown of President Biden's proposed rate increases.

What's the so-called 'wealth tax' in Biden's proposed bill, and how would it work? - Vimarsana News

What's the so-called 'wealth tax' in Biden's proposed bill, and how would it work?

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.

Source: pbs.org