Will Biden’s proposed Wealth Tax receive enough support to Pass?

USA News

On Monday, President Biden unveiled his $5.8 trillion budget proposal for 2023, which featured boosts to social spending and defense but most notably included a wealth tax on billionaires. This billionaire tax proposal is already facing a difficult path forward, with GOP lawmakers against the proposal altogether and moderate Democratic lawmakers wavering on their support. Former economic adviser during the Obama Administration and CEO of 32Advisers Robert Wolf and professor of business and economics at The King’s College Brian Brenberg break down what a billionaire tax would look like and the kind of economic impact it could have.

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