Biden proposes a tax on billionaires as he looks to fund his economic agenda.

Contributing sentiments towards policy:

41% : However, the billionaire tax that Mr. Biden is proposing could still face legal challenges, as taxes on unrealized capital gains are different from the income taxes allowed by the 16th Amendment.
34% : President Biden on Monday proposed raising taxes on the wealthiest Americans and corporations, outlining several initiatives in his 2023 budget aimed at bringing down the federal budget deficit and closing loopholes that allow the rich to lower their tax bills.
29% : Previous efforts to raise taxes on the wealthy and corporations have run into resistance from moderate Democrats, including Senators Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona.

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