Biden To Propose New 20-Percent “Billionaire’s Tax” On Richest Americans

 

Joe Biden will ask Congress on Monday to pass a new minimum tax that would require American households worth more than $100 million to pay a tax rate of at least 20 percent on their full income.

 

The tax will affect the richest 700 Americans and the Biden regime estimates the new tax will raise $360 billion a year. 

 

According to CBS — the world’s 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%.