Biden Vows To Raise Taxes on Rich

In his State of the Union address, U.S. President Joe Biden vowed to raise taxes on big companies and the super-rich.

By Reuters

U.S. President Joe Biden laid down some economic dividing lines on Thursday.

In his State of the Union address, he vowed to raise taxes on big companies and the super-rich:

“I propose the minimum tax for billionaires at 25%, just 25%. You know what that would raise? That would raise $500 billion over the next ten years. And imagine what that could do for America.”

Biden proposed a raft of other measures on taxes.

This video was provided by Reuters.

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