YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Biden seeks 25% tax on billionaires in budget proposal

Posted online

President Joe Biden is proposing a fiscal 2024 budget with a 25% minimum tax on billionaires.

“My 2024 budget is a blue-collar blueprint to rebuild America in a fiscally responsible way that leaves no one behind,” Biden said.

The budget includes a boost in defense spending to $885 billion from $858 billion.

Read more from the Missouri Independent.

Comments

1 comment on this story |
Please log in to add your comment
Richard@PellaARMO.com

Last year, the "wealthiest 1%" paid in excess of 40% of all income tax revenue. It is not an "administration" thing, it is a democrat party "thing". Tax the rich. Eventually, thee "rich" will either leave or have no incentive to keep producing. Unlike liberal politicians, most wealthy people are not stupid. Unless of course, they inherited their wealth and feel guilty about it.

Friday, March 10, 2023
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences