Biden's Budget Plan: Higher Taxes On Rich, Lower Deficits

The video discusses the proposed billionaire minimum income tax, which aims to impose a 20% tax on US households worth over $100 million, potentially generating $360 billion in revenue over 10 years. The proposal faces constitutional challenges as it seeks to tax wealth, not just income. Additionally, the video covers the federal decriminalization of marijuana, highlighting the disconnect between state and federal laws. The bill faces obstacles in the Senate, requiring bipartisan support to pass.

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