Biden's budget proposal to call for higher taxes on billionaires

President Biden will unveil his new budget proposal in Philadelphia Thursday. The proposal will call for higher taxes on billionaires, as well as increasing the Medicare payroll tax on individuals earning more than $400,000 per year. Jeff Stein, White House economics reporter for the Washington Post, joined CBS News to discuss Mr. Biden's budget proposal.

#news #politics #biden

[Nolongerdem]

Democrat taxes here in Illinois are hurting businesses so those big companies are moving away

[jodieprovencher]

That's right I said it!! IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH IMPEACH

[specialk]

Mr Magoo doesn’t have a clue except when it’s time for ice cream

[jonesisabela]

Additional 20-25% tax for billionaires - Yikes! Democrats!

[pepperdine]

Increase taxes so Biden can spend more and more. Are these solutions???

[MegInWhispers]

GOOD. TAX BILLIONAIRES. this shouldn't even be a question.

[bidensbrain]

Only 84 likes for the most popular President in history? Something don't add up. 🤔

[primaldesigns]

Remind me how requiring 1099 tax for $600 income helps the lower and middle class?

[t]

Go Presidebt Biden!!! Tax those billionaires more!!! Time they helped out the U.S.!!!

[biglmnztv]

if they tax the owners of corporations, then those corporations are going to tax their payroll... it always trickles down... no one wins either way

[jankristen]

Certainly, drive all the investors away and add to the jobless, a new disaster everyday under this administration

[jessetorres]

I once saw this image that said that if someone lived for 80 years & earned an average of $5, 000.00 every day of their life, they still wouldn't be a billionaire, but rather have about $150, 000, 000.00. At the bottom of the image was a line that said that no one works to become a billionaire. So yeah, we should be taxing multi-millionaire & billionaire individuals & corporations in this country more then we currently are! And if you want to argue that taxes shouldn't be raised on the wealthy & corporations, how can you defend them when they send their U.S. dollars to other countries so they can't be taxed & help fund domestic programs to help poor people here in the U.S.?

[auntiepha]

President Biden will unveil his new budget proposal in Philadelphia Thursday. The proposal will call for higher taxes on billionaires, as well as increasing the Medicare payroll tax on individuals earning more than $400, 000 per year.

[TonyStark]

Great to have a great & competent leader in The White House.

[timneill]

Does the rate increase include the Biden Family?

[MsHashy]

End tax loopholes lol stop lying 😂 they'll create new ones if anything

[PSSniper]

Hope you know what that mean




It's means prices are about to go up

[richietavarez]

“C’mon man… all men and women are created by… by you know the THING! 🤣

[lavalampluva]

As soon as I saw billionaire tax i said to myself that the GOP will strike this down.

[shopiaryalexandre]

for grandpa Joe Biden, always healthy always happy, the evil democrat party and the Pentagon, why are elderly parents forced to become president, 😁😁😁😁😂