Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

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President Joe Biden released his budget on Thursday, vowing to cut $3 trillion from the federal deficit over the next decade, in part, by levying a 25% minimum tax on the wealthiest Americans. Biden's budget would also raise more revenue by increasing taxes on oil and gas companies, hiking the…

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