Biden Tax Plan: Gut Energy Incentives and Tax Billionaires
We ran the numbers: There are 2251 news articles covering this topic. 28% (663) are left leaning, 50% (1173) are center, and 22% (515) are right leaning.
President Joe Biden unveiled a 2023 budget plan that asks Congress to pass a new minimum tax on America's billionaires. While left-leaning articles highlight that Biden’s proposal only applies to the top .01% of Americans, right-leaning articles highlight that Biden‘s $5.8 trillion budget is proposing to end all federal tax incentives for America’s domestic fossil fuel industry.
A left-leaning article by CNN highlights that Biden’s proposal only applies to the top .01% of Americans. More than half the revenue is coming from households worth more than $1 billion.
Newsweek published a centrist article reporting that the policy would target U.S. households worth more than $100 million. It would rake in roughly $360 billion over the next decade.
A right-leaning article by Washington Times highlights that Biden‘s $5.8 trillion budget is proposing to end all federal tax incentives for America’s domestic fossil fuel industry. Biden said the move is needed not only to combat climate change.