The White House on Monday proposed imposing a minimum tax on the nation's richest people to challenge the 'indefensibly low tax rates' the wealthy can engineer as Democrats take another swing at a so-called billionaire's tax.
Register now for FREE unlimited access to Reuters.comWASHINGTON, March 28 - The White House on Monday proposed imposing a minimum tax on the nation's richest people to challenge the "indefensibly low tax rates" the wealthy can engineer as Democrats take another swing at a so-called billionaire's tax.
The Biden budget is a wish list as final taxing and spending decisions ultimately fall to Congress where Democrats control the House and the Senate with just razor-thin margins, making it tough for the party to push through major pieces of legislation.
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