Tuesday, March 9, 2021

Tax the Rich: The Ultra-Millionaire Tax Act

Senator Elizabeth Warren, Representatives Pramila Jayapal and Brendan Boyle have introduced the Ultra-Millionaire Tax Act.



OWL has alerted us to this, and I've just finished asking the support of 


Senators Diane Feinstein and (for the first time) Alex Padilla, and Chuck Schumer, Representatives Nancy Pelosi and Jackie Speier, saying, "Please support the Ultra-Millionaire Tax Act.  A 2% annual wealth tax on Americans who have al least $50 million dollars in net worth and a 3% tax on those with at least $1 billion in net worth would  provide $3 trillion ($3,000,000,000) for child care, education, and infrastructure to help close the widening gap between rich and poor Americans as well as help to reconstruct our communities.  I know the ultra-millionaires want to do their part to create a better society.

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