President Biden renewed his push this week to overhaul the nation's tax code with a proposal to dramatically raise rates on corporations and ultra-wealthy Americans.
Wisconsin Sen. Ron Johnson joins ‘Kudlow’ to discuss the current state of economy under the Biden administration as well as the anniversary of the Capitol riot.renewed his push this week to overhaul the nation's tax code with a proposal to dramatically raise rates on corporations and ultra-wealthy Americans.
John Gimigliano, the head of federal legislative regulatory services at KPMG, told FOX Business the proposed billionaire tax is "likely to be a slow burn." But taxing unrealized gains is a historically controversial idea that would almost certainly face legal challenges over the issue of whether the U.S. Constitution gives Congress the authority to tax wealth.
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