Biden's New Budget Proposes a $4.7 Trillion Increase in Taxes

Biden's New Budget Proposes a $4.7 Trillion Increase in Taxes

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President Biden's Fiscal Year 2024 Budget has proposed a series of major tax increases, totaling nearly $4.7 trillion, aimed at businesses and high-income individuals. These proposals include higher marginal tax rates on corporate, individual, and capital gains income; a new minimum tax on…

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