I'm also a co-sponsor of the Ultra-Millionaire Tax Act, which would raise taxes on people with a net worth over $50 million. Only the top 0.05% of people would see their taxes raised while bringing in over $3 trillion in tax revenue over the next decade.
US billionaires would have paid a combined $114 billion under Sen. Elizabeth Warren’s proposed "ultra-millionaire" tax last year. Here’s how much Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg would pay. 💰
Democratic lawmakers are proposing an Ultra-Millionaire Tax that could bring in at least $3 trillion in revenue over 10 years. It would put a 2% annual tax on the net worth of households and trusts between $50 million and $1 billion.
The big problem with Elizabeth Warren and Bernie Sanders’ new ‘ultra-millionaire tax’ proposal | Jay Caruso
A good idea worth broad support: The Ultra-Millionaire Tax Act would raise ** $3 trillion ** over 10 years from the richest 100,000 households (0.05%), without raising taxes on the 99.95% with under $50 million of wealth.
“The president strongly believes that the ultra-wealthy and corporations need to finally start paying their fair share.” @PressSecPsaki shares Biden’s vi @SenWarrenw on ’s proposed “ultra-millionaire” tax