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

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Biden's finances proposal to name for larger taxes on billionaires - CBS Information Watch CBS News 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 …

Biden’s finances proposal to name for larger taxes on billionaires – CBS Information

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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.