“It's long past time the wealthiest people and the biggest corporations in this country paid their fair share. We don't need a tax code that rewards wealth more than it rewards work.”
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Independently verified. As President, Biden signed the Inflation Reduction Act (Aug 16, 2022), which enacted concrete corporate 'fair share' measures: a 15% corporate minimum tax on companies with over $1B in book income (projected ~$222B), a 1% stock-buyback excise tax (~$74B), and ~$80B in additional IRS enforcement funding aimed at wealthy tax dodgers -- all confirmed by multiple independent tax-law sources. However, the wealthiest-individuals half of the promise never landed: his repeated proposals for a 25% billionaire minimum tax on unrealized gains and a 28% corporate rate remained only budget requests Congress never passed (confirmed by ITEP, CNBC, and the archived White House fact sheet, which describes these as proposals), and the preferential capital-gains treatment plus most 2017 individual tax cuts stayed in place, so the 'tax code that rewards wealth more than work' was not structurally changed. A real portion was enacted while the rest failed -- textbook PARTIAL. The same standard applied to a politician of either party who enacted the corporate piece but failed the individual piece would yield PARTIAL. The prior rating's outcome, confidence, and primary source all check out; the White House archive URL is live and its quotes are accurate.
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