The White House will unveil a new minimum tax targeting billionaires as part of its 2023 budget Monday, proposing a tax on the richest 700 Americans for the first time, according to five people with knowledge of the matter and an administration document obtained by The Washington Post.
Democracy Dies in Darkness
President Biden to unveil new minimum tax on billionaires in budget
First White House attempt to target billionaires with tax plan comes amid potential revival of talks with Manchin
By Jeff Stein
March 26, 2022 at 4:00 p.m. EDT