Billionaire, Corporate Tax Hikes Will Be Focus of State of the Union

News March 07, 2024 at 12:51 PM
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What You Need To Know

  • Biden also wants Congress to pass a law reducing tax deductions for any company that pays an employee more than $1 million.
  • Plus, he's pushing to quadruple the tax companies must pay when they buy back their own stock to 4% from 1%.
President Joe Biden highlighted the need for drug price strategy changes Tuesday, in Washington, during the 2022 State of the Union address. (Photo: White House)

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