Making above $400,000? POTUS's new budget drops tax bombs on the wealthy.
JUST IN: Biden’s new budget includes a new minimum tax on wealthy individuals’ unrealized capital gains, a quadrupled tax on stock buybacks and higher Medicare taxes on people making over $400,000.
House Speaker Kevin McCarthy immediately dismissed Biden’s plans to increase levies, telling reporters Wednesday “I do not believe raising taxes is the answer.” Read more: unusualwhales.com/news/bidens-ne…
