Biden to propose tax hike on richest to pay for investments: White House ...Kuwait

President Joe Biden will propose a tax hike on investment gains of the wealthiest individuals to help pay for his massive infrastructure and jobs package. President Joe Biden will propose a tax hike on investment gains of the wealthiest individuals to help pay for his massive infrastructure and jobs package, a top White House economist said Monday. Biden is expected to lay out his plan this week for $2 trillion in investments to create millions of jobs, and has said higher taxes on the rich and corporations will offset the hefty price tag. The increased tax on profits earned from sales of stocks and other assets will only impact those earning $1 million a year, a narrow sliver of American

Hence then, the article about biden to propose tax hike on richest to pay for investments white house was published today ( Tuesday 27/04/2021 - 09:15 AM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden to propose tax hike on richest to pay for investments: White House )

Also on site :

• Inside the chaos at Canoo, the zero-revenue, cash-burning EV company that just inked a major deal with Walmart
• Zelensky’s inner circle accused of war profiteering
• Norway’s fish farm waste ‘triple the country’s sewage’ – report