W.H. Economic Adviser Won't Rule Out Biden Minimum Tax Being First Step to Further Tax Hikes

On Monday's broadcast of MSNBC's "Hallie Jackson Reports," White House Council of Economic Advisers member Jared Bernstein responded to a question on whether the minimum tax proposal in President Joe Biden's budget is a first step towards further tax increases by stating that the proposal "injects a huge dose of fairness into the tax code," which is important to Biden, and is historic legislation "to try to figure out how we can fix this problem that billionaires tend to pay an effective tax rate of 8%."