President Biden is advocating for tax increases on the wealthy and corporations, proposing a 25% minimum tax on all income for Americans with a net worth of $100 million. He also aims to raise the corporate tax rate to 28% from 21%. Critics argue that Biden's tax policies contradict his Treasury Department's actions, with some claiming that his focus is more on controlling businesses through the tax code rather than generating revenue.
Biden pushes for the tax hikes on the rich that have mostly eluded him so far https://t.co/MdIX2QC2qB https://t.co/MdIX2QC2qB
Happy Tax Day. Biden has expanded tax loopholes and credits for corporations. That proves that his call for high corporate rates isn't about revenue or anyone "paying their fair share." Biden just wants to control businesses through the tax code. https://t.co/uhAtD1K9Sl
Trump: You’re all rich as hell... We’re gonna give you tax cuts President Biden: Does anybody think the tax code is fair? Under my plan, big corporations will finally have to begin to pay their fair share #TaxDay https://t.co/b8kd7gxtIw
He wants to impose a 25% minimum tax on all income not currently taxed — including unrealized gains on assets — for Americans with a net worth of $100 million. Mr. Biden has also urged Congress to raise the corporate tax rate to 28% up from 21%. https://t.co/8aUdzHtPr0
Biden calls for raising taxes on rich and corporations while contradicting his Treasury Department - https://t.co/ZvGZnGeutk