Democrats Propose 5% Wealth Tax on Billionaires
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Democrats propose a 5% wealth tax on billionaires, aiming to distribute $12,000 to families earning $150,000 or less, expand Medicare, and boost affordable housing. However, experts question the bills revenue forecast, citing potential tax evasion and potential harm to investments and small businesses. The measure faces significant hurdles in the Republican-controlled Congress.
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