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You are here: Home / Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

March 9, 2023 by US Top News and Analysis

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

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