The U.S. Senate Democrats unveiled a plan to tax billionaires' unrealized gains from their assets to help finance President Joe Biden's ambitious social-policy and climate-change agenda
WASHINGTON, Oct 27 - Senior Democrats in the U.S. Congress were at odds on Wednesday over a proposal to
Biden and Democratic congressional leaders have been scaling back their ambitions in order to keep skeptical centrists on board. Several media outlets reported that they dropped a provision on Wednesday that would have provided up to 12 weeks of paid family leave., affecting roughly 700 taxpayers with over $1 billion in assets or $100 million in annual income for three consecutive years, would impose a 23.
The billionaires tax plan was put forth after Senate moderates voiced opposition to the idea of raising corporate tax rates.
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