Bloomberg Tax
Feb. 6, 2023, 7:56 PM

Biden to Call for Billionaire Minimum Tax in State of the Union

Se Young Lee

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

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