Also:
- calls for a 25% minimum tax on billionaires
- capital gains tax rate for investment to 39.6%, from 20%
- tax rate on incomes over 400K at 39.6
Those numbers crossing news wires. US equity indexes on Global going into vomit mode in 3, 2, 1 ...
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Biden’s budget request to Congress is slated to be released Thursday.
Those proposals have very little chance (basically zero) of passing Congress.
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