Biden's $7.3T Budget Sets Up Tax Fight With Trump

What You Need To Know

• New services, middle-class tax breaks and price controls would be funded by higher taxes on the wealthy and corporations.
• The budget imposes a minimum tax on billionaires — including on unrealized capital gains — of 25%, which would bring in an estimated $500 billion in tax revenue over the next decade.
• It proposes taxing capital gains at the same rate as wages for those making more than $1 million.