Biden to propose new 20% billionaire tax
Other countries
- 27 March, 2022
- 05:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
President Joe Biden is expected to propose a 20% minimum tax rate on US households worth more than $100 million, Report informs, citing CNBC, which quotes from a document it obtained.
The proposed levy is expected to reduce the deficit by about $360 billion in the next decade, according to the document.
Over half the revenue could come from those worth more than $1 billion.
According to the TV channel, Biden will set the proposal on March 28.
Latest News
21:10
Leyla Aliyeva attends "Global Zero Waste Alliance - High-Level Meeting of Spouses of Heads of State and Government"
Foreign policy
20:57
Caucasus Muslims Office condemns event held at Blue Mosque in Iravan
Religion
20:43
Kavelashvili: Georgia ready for close cooperation within climate initiatives
Ecology
20:25
Photo
Leyla Aliyeva visits Azerbaijan pavilion at COP31
Foreign policy
20:08
Photo
Western Azerbaijan's lost homelands: The bitter fate of Gursali
Domestic policy
19:40
G7 backs diplomacy with Iran, calls for safe passage through Hormuz
Region
19:33
G7 foreign ministers agree to boost winter aid for Ukraine
Other countries
19:21
Armenian, Iranian leaders discuss bilateral cooperation at COP31
Region
19:07
Azerbaijan pledges 40% emissions cut by 2035, Teymur Musayev says
Ecology