By Rayna Reid ·Updated November 1, 2021
Democrats have been proposing ways to fund its $1.75 trillion dollar Build Back Better social net bill, otherwise known as the budget reconciliation bill. Last Tuesday, Senate Democrats presented a solution to help offset some of the expense—a novel tax upon billionaires.
This proposed measure “would impose a 15 percent minimum tax rate on corporations based on the profits they report to their shareholders, not what they show
