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Biden Wants Millionaires To Foot The Bill For Big New Social Programs

Brian Deese, director of the White House National Economic Council, speaks to reporters at the White House Monday about the American Families Plan.

President Biden will ask Congress to increase taxes on capital gains for tax filers who make more than $1 million a year — a move the White House says will affect only about 500,000 households.

(Image credit: Drew Angerer/Getty Images)


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