TELETRADER News
9/16, 8:26 PM (Source: TeleTrader)
more TeleTrader news

Biden insists wealthy have to pay their fair share

United States President Joe Biden reiterated his call for Congress to introduce legislative changes that would make the wealthiest people and organizations in the country "pay their fair share" of taxes.

Biden noted that approximations suggest the top 1% of wealthiest Americans evade $160 billion each year in taxes that they owe to the US. Furthermore, 55 of the most profitable companies don't pay any tax.

The Internal Revenue Service should get expanded permissions to check the transactions of the wealthy in order to be able to accurately calculate the tax they owe, Biden concluded.

Breaking the News / ND