Senator Elizabeth Warren (D-MA) reintroduced her signature “Ultra-Millionaire Tax Act” for consideration on Tuesday, calling for higher taxes and asset confiscation on the 100,000 wealthiest households in the country.
“As President Biden says, no one thinks it’s fair that Jeff Bezos gets enough tax loopholes that he pays at a lower rate than a public school teacher,” Warren said in a statement. “All my bill is asking is that when you make it big, bigger than $50 million dollars, then on that next dollar, you pitch in two cents, so everyone else can have a chance.” President Biden wants to tax billionaires and invest in affordable child care. That means most families will pay less than $10 a day for child care — and they won’t keep paying higher tax rates than Jeff Bezos. https://t.co/nEPaCwFXx2 — Elizabeth Warren (@SenWarren) March 20, 2024 Under Warren’s proposed bill, the government would […]
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