President Joe Biden’s plan to raise taxes on billionaires was applauded by Republican Senators Ted Cruz and Josh Hawley on Thursday night.
Biden vowed to raise taxes on billionaires to a minimum rate of 25 percent during his 2024 State of the Union address, joking about the “great sacrifices” that billionaires are currently making by paying an average of 8.2 percent.
Cruz and Hawley, both ideological opposites of Biden and frequent critics, applauded Biden’s remarks on taxes, according to Newsweek congressional correspondent Alex Rouhandeh, who was in the chamber during the State of the Union.
Not all Republicans were pleased, however, with GOP Congressman Matt Gaetz later exclusively telling Newsweek that he thought Biden’s plan was “insincere.”