Biden wants to raise Medicare taxes for some Americans

Newsy

07 Mar 2023 0 shares 1 views

Biden wants to raise Medicare taxes for some Americans

Biden wants to raise Medicare taxes for some Americans

Newsy

Published 07 Mar 2023

ViewPresident Joe Biden announced potential changes to Medicare on Tuesday as he prepares to present the fiscal year 2024 budget.

Among the changes, President Biden is proposing to increase the Medicare tax rate from 3.8% to 5% for those earning $400,000 a year or more. The president says he would also close a loophole...

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