“I want to be explicit that I’ll be increasing taxes. All billionaires should cease paying 3 percent, “said Biden.
On March 9, Biden is expected to present a budget plan to Congress.
The American president emphasized that he has no plans to break his pledge not to increase taxes on people whose income is less than $400,000 per year. Biden claimed that taxes on the extremely wealthy would help him carry out his plan without adding to the burdens on the rest of the citizens.
source: cnn.com
