Hi there,

Democracy Now! doesn’t belong to any corporation, government or political party. Our daily news hour belongs to you, our listeners, viewers and readers. You’re the reason we exist. In these times of climate chaos, rising authoritarianism and war, Democracy Now! needs your help more than ever to hold the powerful to account and amplify the voices of the scholars, scientists, activists, artists and everyday people who are working to save democracy—and the planet.Right now a generous donor will DOUBLE all donations to our daily news hour. That means your gift of $10 is worth $20 to Democracy Now! Please do your part to keep our independent journalism going strong. Every dollar counts. Thank you so much, and stay safe.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

“Make Billionaires Pay Act” Would Tax Richest 0.001% to Fund Healthcare for Millions

HeadlineAug 07, 2020

The Labor Department reported Thursday that 1.2 million U.S. workers filed for state unemployment benefits last week, the lowest total since March, but still an extraordinary level by historical standards.

On Thursday, Senators Bernie Sanders, Ed Markey and Kirsten Gillibrand introduced the Make Billionaires Pay Act, a 60% tax on over $700 billion in windfall profits made this year by the top 0.001% of Americans. Senator Sanders wrote, “We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer. Or we can tax the winnings a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top