Reps. Boyle, Jayapal introduce bill to add 2% tax on those making $50M-plus
Reps. Brendan Boyle (D-PA) and Pramila Jayapal (D-WA) are among a group of Congress members that introduced legislation to apply a wealth tax to fortunes above $50 million. The lawmakers said the Ultra-Millionaire Tax Act would generate $6.2 trillion in revenue over the next decade, more than double the amount when it was first introduced five years ago. It would be enough money to pay for investments like universal child care, free community college, Medicare expansion, and more — without ...
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