Politics

Democrats debate if ‘billionaires tax’ can pay for Biden’s sweeping agenda

By Richard Cowan and David Morgan, Reuters Posted on
2021-10-27T095155Z_3_LYNXMPEH9Q0GW_RTROPTP_4_USA-BIDEN-INFRASTRUCTURE-TAX-1200×801-2

The chairman of the powerful U.S. Senate Finance Committee on Wednesday outlined the terms of a Democratic proposal to tax billionaires’ assets to help finance President Joe Biden’s social-policy and climate-change agenda.

But it was unclear whether there was enough Democratic support to pass the proposal presented by Chairman Ron Wyden or a proposed 15% corporate minimum tax on the most profitable U.S. corporations.

See the full article at amNewYork

Democrats debate if ‘billionaires tax’ can pay for Biden’s sweeping agenda

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