White House to Propose New Minimum Tax on Billionaires

White House to Propose New Minimum Tax on Billionaires
President Joe Biden announces new economic actions against Russia in the Roosevelt Room at the White House on March 11, 2022. Chip Somodevilla/Getty Images
Emel Akan
Updated:

WASHINGTON—President Joe Biden will announce a new minimum tax targeting billionaires as part of his 2023 fiscal year budget on Monday, according to the White House.

The Biden administration announced the proposal on Saturday in a fact sheet ahead of the budget release, stating that the president’s plan “rewards work, not wealth.”

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
twitter
Related Topics