Democrats Unveil Wealth Tax on Ultra-Millionaires and Billionaires

HeadlineMar 02, 2021

Democratic lawmakers have introduced a wealth tax on ultra-millionaires and billionaires to help fund President Biden’s “Build Back Better” agenda. Co-sponsor Senator Elizabeth Warren said Monday the wealth tax would help reverse massive inequality that’s only gotten worse during the pandemic.

Sen. Elizabeth Warren: “We have watched the wealth of the billionaire class in America increase by more than a trillion dollars over the last year. A two-cent wealth tax would just help level the playing field a little bit.”

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