Biden Tax Plan 2024. Biden’s budget estimates that $1.17 trillion will be raised between 2024 and 2033 from the billionaire minimum tax rate, the quadrupled stock buyback tax, and a multinational corporation minimum. Biden's proposed budget would raise tax receipts by $4.951 trillion over 10 years, including more than $2.7 trillion in tax hikes on businesses and nearly $2 trillion on wealthy.
The president’s plan delivers tax cuts for families with children and working americans, invests in america, and reduces deficits by trillions of dollars by enacting a new. Elimination of tax breaks for fossil fuel energy companies would raise $45.1 billion in new revenues over the decade through 2034, while raising the overall corporate tax rate to.