Taxing The Wealthy | featured news

The plan would generate $4 billion a year by raising taxes on the highest earners, in a move that would help to close the state’s budget deficit.

The agency has drafted a plan that significantly lowers a penalty that applies to wealthy Americans who hide money overseas in secret accounts.

The 10-year budget outline that the White House will release officially Thursday aims to pay for universal health care coverage in part by collecting more in taxes from wealthy Americans.