Biden proposes tax hike on income over USD 400,000 to fund Medicare
US President Joe Biden seeks to raise taxes for some Americans while boosting the programs drug negotiating power. However, the proposal is unlikely to become reality.
By Justin Sink and Josh Wingrove, bloomberg
President Joe Biden’s budget will propose hiking payroll taxes on Americans making over USD 400,000 per year and allowing the government new power to negotiate drug prices as part of an effort the White House says will extend the solvency of a key Medicare program for another quarter century.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
.jpg&w=384&q=75)
