In the News
Who Would Pay More Under the GOP Tax Plan? (Hint: Seniors and Working Class Floridians)
While Rick Scott and Republicans want to raise taxes on more than 40% of Floridians, President Biden’s proposed a budget asks billionaires and the wealthiest 0.01% of Americans to pay their fair share
This week, President Biden announced his budget for Fiscal Year 2023, which would impose a new Billionaire Minimum Income Tax on the wealthiest 0.01% of Americans to make them pay their fair share.
At the same time, Rick Scott and Republicans are saying that it is “unfair” that seniors and working class Floridians don’t pay higher taxes. In fact, Rick Scott’s GOP agenda aims to raise taxes on more than 40% of Floridians and dismantle Social Security and Medicare in five years.
Under these two plans, let’s take a look at whose taxes could go up and whose wouldn’t:
“When it comes to taxes, Rick Scott and Republicans’ definition of ‘fair’ is anything but. President Biden wants to raise taxes on the richest 0.01% of people in this country, while Rick Scott, the wealthiest person in Congress, is sticking up for his billionaire friends by rallying the Republican Party around the idea that middle class Floridians should have to pay even more,” said Florida Democratic Party spokesperson Travis Reuther.”
For a full breakdown of President Biden’s Billionaire Minimum Income Tax, see HERE.