Biden To Propose New 20% 'Billionaire Tax'

The Biden administration is set to propose a new minimum tax that targets the wealthiest Americans. It would propose a 20% minimum tax rate on households worth more than $100 million. The proposal still needs to be approved by Congress. The White House estimates that the tax could reduce the deficit by about $360 billion over the next decade.

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#News #Wealth #Tax

[chaunceystewart]

The best way to reduce the deficit is to have the government stop spending too much money.

[Dnn]

Tax EVERYONE. Millionaires, billionaires should be taxed, enough of their privilege lifestyle of avoiding TAXES.

[Pinkielover]

easy Billionaires just move out of the country, Take the money with you. while u can .

[The-Contractor]

Billionaires could be taxed at the 100% rate and it wouldn't dent the 29 TRILLION dollars plus National Debt. Big Government is not the solution, it is the problem.

[bannedtwice]

And they'll pass that onto the consumers. I hate the F'ing media in this country as much as I hate Brandon.

[BeatMedicare]

Make private schools pay 1% for taxes and shut down “charities” that don’t pay taxes and allow board members to get six figure salaries. No “charity” should be paying employees that much, it should be limited to $70k.

[retrogamerfan]

Thell just eventually throw it as the low and middle class with tax hike

[andreaboggan]

Luke 21:11-12
“Nation shall rise against nation, and kingdom against kingdom, and great earthquakes shall be in divers places, and famines and pestilences. And fearful sights and great signs shall there be from heaven." ~Jesus

2 Esdras 9: 1-13
“Consider all these things very carefully. When you see that some of the signs I have told you about have appeared, you will know that the time has come when God Most High will bring judgement on the world he has created.

There will be earthquakes, national rebellions, international intrigues, unstable leaders, and confused rulers. When you see these things happening, you will know that they are what God Most High has spoken about since the beginning of creation.

The beginning and the end of everything that happens in this world are clear. The same is true in the world above: wonders and miracles show the beginning of events, and mighty signs show when they end.

“Some people will escape destruction and be saved by their good works and by their faith. All of them will survive the dangers I have described and will enjoy the salvation provided in the land that I have set apart from eternity as my own.

Then those who have ignored my ways and held them in contempt will be surprised when they find themselves in continual torment. This will include all those who ignored me while they were alive, even though they accepted the blessings I gave them. It will include all those who scorned my Law during the time they were free to do so and all those who refused to repent while they still had the chance.

The torment they will have to suffer after death will force them to recognize the truth.

Therefore, Ezra, you should stop asking questions about how the wicked will be punished. Instead, be concerned about how and when the righteous will be saved.

The world was created for them and belongs to them.”

Matthew 24:32-33
"Now learn this lesson from the fig tree: As soon as its branches become tender and sprout leaves, you know that *summer is near* . *So also, when you see all these things, you will know that He is near, right at the door* ." ~Jesus

The Gospel of Philip
"Those who sow in winter reap in summer. The winter is the world, the *summer the other Aeon, the eternal realm* . Let us sow in the world that we may reap in the summer. Because of this, it is fitting for us not to pray in the winter. *Summer follows winter* . But if any man reap in winter he will not actually reap but only pluck out, since it will not provide a harvest for such a person. It is not only in the world, winter, that it will fail to come forth, but also on the Sabbath his field is barren." ~Jesus

Luke 21:27-28
"At that time they will see the Son of Man coming in a cloud with power and great glory. When these things begin to happen, stand up and lift up your heads, because *your redemption draweth nigh* .” ~Jesus

Revelation 22:16-18
"I, Jesus, have sent My angel to give you this testimony for the churches.

" *I am the Root and the Offspring of David, the bright Morning Star* .”

The Spirit and the bride say, “Come!” Let the one who hears say, “Come!” And let the one who is thirsty come, and the one who desires the water of life drink freely.

I testify to everyone who hears the words of prophecy in this book: If anyone adds to them, God will add to him the plagues described in this book."

[richardangers]

360 billion(over ten years) on 21 No one in washington wants austerity. and this is spitting in a thimble.

[damsiruddinsiregar]

Amazing, US President insulting another country's president in such an undignified way. I agree with Trump, he desperately needs a diplomat coach.

[nathanmyers]

I cant believe there are actually people who are upset about this...

[humbletrader]

And why call it billionaire tax when you are taxing people who's worth is more than 100 million . Rather call it millionaire tax.

[noway]

Remember
First they came for the billionaires
I said nothing because I wasn’t a billionaire
Then they came for the millionaires
I said nothing because I wasn’t a millionaire
Then they came for the middle class…..

[kelleydavis]

If you believe this bunch would actually increase their own tax obligation, I have some oceanfrint property in Arizon for sell.

They're selling political propaganda not actual beneficial legislation... over 10 yrs reduction of only $360B of the current deficit while they continue spend like a college kid with mom and dad's credit card on spring break.

Come on, man!!!

[razorman]

don't forget to cut the welfare too

[reginaldeggleston]

I love the President's plan...I just love it

[jimruby]

Why would you tax anything .all the high prices for utility's gas oil food and goods we are paying tons of extra taxes on all those goods so why would you have to raise taxes.

[timburner]

But set the price so it effects millionaires too so you can't call it a billionaire tax

[jmjfanss]

This bill is a total disaster, we already at over 30 trillion dollars in debt and it's gonna add to more debt.

[reginaldeggleston]

It's time to support the Police...It's time to support the IRS.