US President proposes higher taxes on rich, introduces $6.9 trillion budget

25 percent minimum tax on wealthy families

Budgetary proposals include 25 percent minimum tax on the richest 0.01 percent families, proposal to increase corporate income tax rate from 21 percent to 28 percent, etc. At a rally in Philadelphia, Biden said that no billionaire should pay less taxes than a school teacher or any of you. So my plan is to make sure he starts paying his fair share.

At the same time, Indian-origin Nikki Haley, who has presented the presidential claim on behalf of the Republican, has criticized him for the budgetary proposals. He said that this proposal is socialist and a disaster for America.

Pakistan Economic Assistance Fund doubled in the budget

In his budget proposal, Joe Biden has proposed to double the Pakistan Economic Assistance Fund. The budget proposes to give $82 million to Pakistan under the economic aid fund category for the fiscal year 2024 starting October. In 2022 it was 39 million dollars.

Related posts

One person dying of hunger every 4 seconds, 345 million people are facing starvation

TAS Staff

Women will be able to perform Hajj without a male guardian, Saudi Kingdom's big announcement

TAS Staff

President Joe Biden: Biden launches plan to beat cancer, this is the complete plan

TAS Staff

Iran's security forces intensify crackdown on protests, 2 killed

TAS Staff

UK Politics: Liz Truss congratulates new PM of UK Rishi Sunak, expresses support for Ukraine

TAS Staff

Pfizer Vaccine: CEO of Pfizer kept running away ignoring the questions related to ineffective vaccine: VIDEO

TAS Staff

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More