Coverage dated March 25, 2022 to March 28, 2022

Biden's "Billionaire Minimum Income Tax" would hit more than just billionaires

Headline from CBS News, on the newest of 2 developments

The plan would affect almost 30,000 American families with assets of more than $100 million. Here's what you should know.

CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

Mar 26, 2022
Joe Biden's "Billionaire Minimum Income Tax" plan explained
Headline from Newsweek ·
Mar 28, 2022Newest
Biden's "Billionaire Minimum Income Tax" would hit more than just billionaires
Headline from CBS News ·

16 reports not tied to one development ·

Read the reports

Reports & sources

108 articles, oldest first.

NBC 5 Dallas-Fort Worth
President Joe Biden to Propose New 20% Minimum Billionaire Tax (opens NBC 5 Dallas-Fort Worth)
Published Mar 25, 2022
NBC 5 Dallas-Fort Worth's feed description
President Joe Biden is expected to propose a new minimum tax that would largely target billionaires, according to a document obtained by CNBC.
Sioux City Journal
Biden budget seeks minimum tax on households worth $100m (opens Sioux City Journal)
Published Mar 26, 2022
Sioux City Journal's feed description
WASHINGTON (AP) — President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1
NBC Chicago
Biden to Propose 20% Minimum Tax on Billionaires in Budget Plan (opens NBC Chicago)
Published Mar 26, 2022
NBC Chicago's feed description
President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade.
Slate Magazine
Biden to Propose New “Billionaire Minimum Income Tax” of 20 Percent (opens Slate Magazine)
Published Mar 26, 2022
Slate Magazine's feed description
The measure would mark the first time the the top one-hundredth of 1 percent of American households will be targeted by a specific tax.
Deutsche Welle
Biden to propose new 'billionaires tax' — reports | DW (opens Deutsche Welle)
Published Mar 26, 2022
Deutsche Welle's feed description
Under the so-called "Billionaire Minimum Income Tax" proposal, households worth more than $100 million would reportedly pay at least 20% tax on their total income. About 700 US households fall under this tax bracket.
NBC News
Biden to propose new minimum tax on wealthiest Americans in 2023 budget (opens NBC News)
Published Mar 26, 2022
NBC News's feed description
If enacted, the “Billionaire Minimum Income Tax” would impose a 20 percent minimum tax rate on households worth more than $100 million.
Towleroad Gay News
Biden To Propose Minimum Tax On Billionaires As Part Of 2023 Budget (opens Towleroad Gay News)
Published Mar 26, 2022
Towleroad Gay News's feed description
WASHINGTON (Reuters) - U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled
The Week
Biden to propose 'Billionaire Minimum Income Tax' of 20 percent (opens The Week)
Published Mar 26, 2022
Politico
Biden to propose new tax on the uber rich (opens Politico)
Published Mar 26, 2022
Politico's feed description
The administration says that the tax would hit the top 0.01 percent of households, generating $360 billion over the next decade, with half of that coming from billionaires.
PJ Media
Biden to Propose a 20 Percent 'Billionaire's Tax' (opens PJ Media)
Published Mar 26, 2022
PJ Media's feed description
Joe Biden is planning to go all-in on "soaking the rich" by slapping a 20% tax on households with more than $100 million in income
Insider
Biden will reportedly propose a 'billionaire minimum income tax' in his budget (opens Insider)
Published Mar 26, 2022
Insider's feed description
The Billionaire Minimum Income Tax calls for a 20% minimum tax rate on American households worth more than $100 million — essentially, the top 0.01%.
Truthout
Biden’s 2023 Budget Includes a 20 Percent Billionaire Minimum Income Tax (opens Truthout)
Published Mar 27, 2022
Truthout's feed description
The tax would tax unrealized gains from things like stocks, making it similar to a wealth tax.
Georgia Recorder
Biden budget plan would levy minimum tax on billionaires, boost national security (opens Georgia Recorder)
Published Mar 27, 2022
Georgia Recorder's feed description
President Joe Biden sent a new $5.8 trillion budget request to Congress on Monday that calls for a minimum tax on billionaires.
FOX Business
Biden proposes new minimum tax on billionaires, unrealized gains (opens FOX Business)
Published Mar 27, 2022
FOX Business's feed description
President Biden on Monday unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.
CBS News
How would Biden's "Billionaire Minimum Income Tax" work? (opens CBS News)
Published Mar 27, 2022
CBS News's feed description
The plan would affect 20,000 American families with assets of more than $100 million. Here's what you should know.
NBC New York
EXPLAINER: How Would Billionaire Income Tax Work? (opens NBC New York)
Published Mar 27, 2022
NBC New York's feed description
The “Billionaire Minimum Income Tax” included in President Joe Biden’s proposed budget is part of the administration’s effort to reduce the federal deficit
New York Times
Biden calls for a tax on billionaires as he looks to fund his economic agenda. (opens New York Times)
Published Mar 27, 2022
New York Times's feed description
The new tax would apply to the richest Americans and would target unrealized capital gains.
Insider
Biden wants to make sure billionaires pay at least a 20% income tax — including on their massive pandemic-era stock gains (opens Insider)
Published Mar 27, 2022
Insider's feed description
Billionaires added $1.7 trillion to their cumulative wealth during the pandemic. President Biden's proposed tax would raise $360 billion in 10 years.
Newsweek
Biden budget proposes billionaires pay 20 percent of income in taxes (opens Newsweek)
Published Mar 27, 2022
Newsweek's feed description
The tax proposed in the new budget applies to those with more than $100 million, what the administration estimates is the wealthiest 0.01 percent of Americans.
Forbes
Biden’s Billionaire Tax Unveiled: What We Know About The Proposed Tax On America’s Richest 0.01% (opens Forbes)
Published Mar 27, 2022
Forbes's feed description
The minimum tax would raise an estimated $361 billion over the next decade, according to the White House.
Forbes
Biden’s 20% ‘Billionaire’ Tax Hits $100M Up Taxing Unrealized Gains (opens Forbes)
Published Mar 27, 2022
Forbes's feed description
A new tax could require the wealthy to pay least 20% even on unrealized appreciation. If you buy crypto and it goes stratospheric there could be a new 20% tax rate if you are worth more than $100 million, even if you buy and hold and sell nothing.
Insider
Biden's plan to tax billionaires relies on one simple fact: Average Americans pay more of their income in taxes than the wealthy (opens Insider)
Published Mar 27, 2022
Insider's feed description
A famous report from two Berkeley economists shows how the wealthiest Americans pay a lower effective tax rate than the bottom 50% of Americans.
FOX Business
Biden's new minimum billionaire tax will hit middle class: Americans for Tax Reform president (opens FOX Business)
Published Mar 27, 2022
FOX Business's feed description
Americans for Tax Reform President Grover Norquist squashed President Biden's claim that his new minimum billionaire tax will only impact the wealthiest Americans, arguing that it will also hit the middle class.
Newsweek
Joe Biden says his "billionaire tax" will rake in $360B over next decade (opens Newsweek)
Published Mar 27, 2022
Newsweek's feed description
The administration is calling on Congress to enact a 20 percent minimum tax on households worth $100 million or more.
New York Times
Biden proposes a tax on billionaires as he looks to fund his economic agenda. (opens New York Times)
Published Mar 27, 2022
New York Times's feed description
The new tax would apply to the richest Americans and would target unrealized capital gains.

Showing the first 25 of 32 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.