President Biden will call on Congress to pass a bill imposing a minimum tax for billionaires during his State of the Union address on Tuesday, the White House says in a statement.
- Biden will also call for the tax on corporate stock buybacks to be quadrupled during the address and an extension of the price cap on insulin to all Americans
- Biden will also announce proposed guidance to ensure materials used for infrastructure construction using federal financial assistance are made in the US
- NOTE:
Biden to Test Message With Divided Congress as He Eyes 2024
To contact the reporter on ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.