Biden’s 2023 budget calls for 20% minimum tax on billionaires

IT’S BUDGET TIME AGAIN ON CAPITOL HILL.

YOU MIGHT BE THINKING.. DIDN’T CONGRESS JUST PASS A BUDGET THIS MONTH?

YEP… BUT THAT WAS FOR FISCAL YEAR 2022…

NOW PRESIDENT BIDEN IS UNVEILING HIS WISH LIST FOR THE UPCOMING FISCAL YEAR. 

HERE’S WHAT’S IN IT/ HERE IS WHAT IS EXPECTED. 

ONE- WATCH OUT BILLIONAIRES…

BIDEN’S BUDGET WILL INCLUDE A BILLIONAIRE MINIMUM TAX OF 20 PERCENT. 

IT’S ONLY FOR PEOPLE WORTH  MORE THAN 100 MILLION DOLLARS- SO I DON’T KNOW ABOUT YOU, BUT I’M SAFE.

RIGHT NOW BILLIONAIRES USE A TAX loophole to avoid paying taxes on capital gains.

THE TAX WILL HELP REDUCE THE BUDGET DEFICIT BY ABOUT $360 BILLION IN THE NEXT DECADE ACCORDING TO A WHITE HOUSE FACT SHEET. 

2-  MORE MONEY FOR POLICE. 

BIDEN’S BUDGET CALLS FOR MORE BOOTS ON THE GROUND WHEN IT COMES TO POLICE… 32 BILLION DOLLARS WORTH FOCUSING ON COMMUNITY POLICING, GUN CRIMES AND PREVENTION. 

THIS DESPITE YEARS LONG CALLS FROM SOME IN HIS PARTY TO REALLOCATE HOW POLICE MONEY IS USED. 

AND THREE- THE NATIONAL SECURITY AND THE MILITARY GET WINDFALLS.

BIDEN WANTS MORE THAN 800 BILLION IN NATIONAL SECURITY SPENDING- UP 4 PERCENT FROM LAST YEAR.

AND A FOCUS ON DEFENSE- WITH BIDEN ASKING FOR MONEY FOR A MISSILE WARNING SYSTEM AND A MISSILE INTERCEPTOR. 

BIDEN’S BUDGET IS JUST A REQUEST- AND THERE IS PRETTY MUCH ZERO CHANCE HE GETS EVERYTHING HE WANTS FROM CONGRESS. 

ANOTHER THING THERE IS LIKELY ZERO CHANCE OF- GETTING THE NEW BUDGET PASSED BY THE OCTOBER 1 DEADLINE.. THAT HASN’T HAPPENED SINCE 1997! 

STRAIGHT FROM DC I’M AA