Biden will revive the billionaire minimum tax and call for a big jump in stock buyback tax in his State of the Union speech

Tue, 02/07/2023 - 07:22

Biden will call again for a 20% minimum tax for billionaires in his State of the Union address Tuesday.
The US president also wants to quadruple the 1% surcharge on corporate stock buybacks.
But with Republicans controlling the US House, it's unlikely that the plans will go through.

US President Joe Biden will revive his plan for a new minimum tax on billionaires and call for a bigger tax on corporate stock buybacks during his State of the Union address on Tuesday.