Biden's 2023 Budget Includes a 20 Percent Billionaire Minimum Income Tax

Contributing sentiments towards policy:

51% : "President Biden's Billionaires Income Tax takes a historic step to bringing us closer to a single system in which the ultrawealthy start paying taxes each year on their wealth gains the way workers pay taxes on their paychecks."
45% : Those gains alone could nearly pay off the entirety of student debt owed by borrowers in the U.S., but would likely never be taxed under the current tax system.
42% : Moreover, billionaires don't owe taxes on the vast majority of their wealth; people like Elon Musk and Jeff Bezos deliberately make low salaries on paper so that they can avoid paying federal taxes.
40% : They don't have to pay taxes on their stocks until they sell them, and the taxes on stock sales can be relatively low compared to the amount of money that stocks are sold for.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.