Democrats’ Billionaire Tax Plan Puts About 700 People in Its Sights

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Senate Democrats detailed their proposed levy on billionaires, a new and logistically risky approach to taxation that lawmakers hope will help fund President Joe Biden’s social spending aimed at low- and middle-income Americans.

The plan, sponsored by Senate Finance Committee Chairman Ron Wyden, is the result of weeks of negotiations among Democrats about how to find ways to raise taxes on the wealthy that nearly every member of the party can support. Wyden is betting that fellow lawmakers -- and voters -- will broadly back a plan that would shift more of the tax burden to the very wealthiest.

The levy would apply to taxpayers who for three consecutive years have had assets worth at least $1 billion or have earned at least $100 million three years in a row. The thresholds mean about 700 people would be affected, according to a summary of the plan.

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Corporations have ALWAYS found tax loopholes and it’s NOT going to change this time either!!! They outsmart the politicians at their own game!!

jessejjames
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They will move, leaving the middle class to foot the bill. How hard's this to understand....
These people do not have good intentions for Americans.

jbrownjetmech-
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700 people who are about to become citizens of a different country I'm sure.

johndough
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This never works. The billionaires stop spending and investing, and we all suffer.

don
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So that’s why this bill will include the irs going into our bank acoounts. This is more propaganda

alholds
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700 people are going
to support the country ? 😄

mopthermopther
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Call Your States Representative

Motion To vacate chair or expelled from the house!!!!

Nancy  Has wasted enough time and resources

babayaga
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700 people ? I believe USA population is over 300 million.

levanmikadze
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Flat tax for everybody, rich or poor .
Term limits for rich politicians, who have gotten richer the last 3 years, that would put all democrats on the chopping block.

ajlacostewm
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In The "Good Ole Days" The Rich Would Compete With Each Other By Doing Public Works
Stuff Got Done With Less Government, Business Was Allowed To Be Good Because Most People Were Satisfied
Of Course They Also Wore Togas, So They Lose On Fashion Points

danjohnston
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Those billionaires who voted for Democrats 😂😂😂😂

jedijedi-tefe
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Lmfao 700 people are supposedly living the American dream! I believe that’s like soon to be

xoxoeyecandioxox