Biden's budget to boost military, raise taxes on billionaires

"Forced by disagreements within his own party to pump the brakes and instead continue negotiating on vast swathes of his domestic "Build Back Better" agenda, Biden is unlikely to include line items for all of his ideas on how to improve the country's environment, healthcare, education, housing infrastructure and manufacturing competitiveness.

But he will use the opportunity to throw his explicit public support for the first time behind a new tax requiring billionaires to pay at least 20% of their income in taxes, including on the gains on investments that have not been sold."
 
BidenPresident said:
"Forced by disagreements within his own party to pump the brakes and instead continue negotiating on vast swathes of his domestic "Build Back Better" agenda, Biden is unlikely to include line items for all of his ideas on how to improve the country's environment, healthcare, education, housing infrastructure and manufacturing competitiveness.

But he will use the opportunity to throw his explicit public support for the first time behind a new tax requiring billionaires to pay at least 20% of their income in taxes, including on the gains on investments that have not been sold."
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What do you think billionaires will do?
 
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