Senate Finance Committee: U.S. Billionaires Would Pay New Tax To Fund Biden Initiatives
Ron Wyden, Chairman of the Senate Finance Committee, revealed on Wednesday a proposal to tax the unrealized gains from U.S. billionaires’ assets to raise funds for President Joe Biden’s social and climate-change initiatives. Republicans and tax policy experts are already voicing their concerns. Q3 2021 hedge fund letters, conferences and more U.S. Billionaires TaxAs informed by Reuters, the so-called billionaires tax announced by Ron Wyden, is one half of a two-part legislative plan that includes a proposed 15% corporate minimum tax on the most profitable U.S. companies. According to Wyden and...