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SVB Collapse & Biden Budget Battle | 3.13.23
Morning Wire
Biden's Budget Won't Cut the Debt Problem by $3 Trillion
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Biden administration has been very open about the fact that this will require around $5 trillion in new taxes. Most notably, the plan would raise America's corporate tax rate from 21% to 28%. It would also call for a minimum 25% tax on households worth over $100 million and raise the payroll tax on households making over $400,000 to 39.6%.
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