Billionaires tax unveiled for Biden agenda

Updated October 27 2021 - 8:17pm, first published 8:13pm
In a proposal by Democrats US billionaires would pay tax on unrealised gains from assets.
In a proposal by Democrats US billionaires would pay tax on unrealised gains from assets.

US billionaires would pay tax on unrealised gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled by the top Senate Democrat for tax policy.