Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax

  • FlowVoid@lemmy.world
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    6 months ago

    keep going against all of the things he keeps saying he wants to do…

    When did Biden say he wants a global wealth tax?

    • givesomefucks@lemmy.worldOP
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      6 months ago

      US President Joe Biden’s 2024 budget included plans for a 25% minimum tax on the wealthiest 0.01%, but that proposal has since fallen by the wayside with lawmakers in Washington preoccupied with government shutdown threats and looming funding deadlines.

      https://www.cnn.com/2023/10/23/business/billionaires-global-tax/index.html

      In fairness, it’s hard to keep track of all the times Biden says he wants to do something to appease voters and then never tries while his appointees fight the party platform.

      But Biden wanted it for America, just stopped mentioning it, and now his appointees are fighting any wealth tax from anywhere.