Congress Debates The 'Billionaire Tax'

The video discusses proposed tax reforms targeting wealthy Americans and corporations. A 15% minimum tax on profitable corporations and a billionaire tax on unrealized gains are proposed. The corporate tax targets companies with over $1 billion in profits, while the billionaire tax affects individuals with over $1 billion in assets or $100 million in income. The proposals aim to generate significant tax revenue for social programs. There is both support and opposition, with some arguing for fair contributions from the wealthy.

What are some of the social programs that could benefit from the revenue generated by these new tax proposals?

What is Senator Joe Manchin's stance on the billionaire tax proposal?