Biden Seeks to Roll Back Trump Tax Breaks

The video discusses a budget proposal by the White House, which includes a 25% minimum tax on billionaires, nearly doubling the capital gains tax, and raising the top income tax bracket. Despite these proposals, the likelihood of passing them in Congress is low, especially with Republicans controlling the House. The video highlights the significant gap between Democrats and Republicans on spending and taxes, which will be crucial in upcoming budget negotiations and the debt ceiling deadline.

What is one of the key components of the White House's budget proposal?

• A 25% minimum tax on billionaires

• A flat tax rate for everyone

• A 10% tax on all citizens

• Elimination of all income taxes

Why is the budget proposal unlikely to pass in Congress?

• It lacks support from both parties

• It has already been passed

• Democrats are in control of the House

• Republicans are in control of the House

What is a significant difference between Democrats and Republicans regarding the budget proposal?

• Both agree on spending cuts

• Republicans want to raise taxes, Democrats want to cut spending

• Democrats want to raise taxes, Republicans want to cut spending

• Both want to increase taxes

What upcoming challenge is mentioned in relation to the budget proposal?

• A trade agreement with Europe

• A natural disaster

• The debt ceiling deadline

• A new presidential election

What do Republicans generally propose instead of raising taxes?

• Increasing social welfare programs

• Expanding healthcare coverage

• Making spending cuts

• Raising the minimum wage