AP Photo/Matt Slocum
- US President Joe Biden is proposing a minimum 25% tax bracket for billionaires, per Bloomberg.
- He had previously called for a minimum 20% tax for the ultra-wealthy.
- Biden is set to release his proposal for the fiscal 2024 budget on Thursday.
US President Joe Biden is once again proposing higher tax rates on billionaires, wealthy investors, and companies in his budget for the 2024 fiscal year.