U.S. President Joe Biden's budget for fiscal 2024 will be released Thursday. While the document is always a bit of a wish list, and especially so given the current divided Congress, the Democratic president's spending and revenue priorities will be key factors in upcoming negotiations with Republicans over raising the debt ceiling.
his call for a 20% minimum tax on households worth more than $100 million. The White House refers to it as the "billionaire minimum income tax."
The budget will propose to end "special tax treatment" for oil and gas companies and "fossil fuel tax preferences," according to the document, which did not provide additional detail on that provision.
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