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Oct 24 - senate democrats....allegedly declare war on billionaires 🦆🦆🦆



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 1 month ago '09        #1
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messy marv stan  topics gone triple plat - Number 1 spot x73
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Oct 24 - senate democrats....allegedly declare war on billionaires 🦆🦆🦆
 

 
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visit this link https://www.axios.com/sen .. d0476517e.html


After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

The approach could face constitutional challenges and logistical ones.

The details: Senate Finance Chair Ron Wyden (D-Ore.) next week will unveil a tax on the unrealized capital gains of the ultra-wealthy, Bloomberg reports:

"The proposal ... would set the so-called billionaires' income tax at $1 billion in annual income, or three consecutive years of $100 million or more in income — hitting some 700 taxpayers."


Between the lines: The Washington Post points out this approach "would shield not only the lower and middle classes but also exempt the bulk of the top 1 percent — concentrating the higher rates instead on the wealthiest 0.0002 percent."

The intrigue: Sen. Mark Warner (D-Va.), a member of the Finance Committee, was saying all week that senators should slow down.

"There's a reason why you only do tax policy in a major way every few years — it's really complicated," Warner told Axios.

"My fear is if we're going to try some innovative new ideas and if we don't have time to develop them ... we could mess some of this up."
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 1 month ago '16        #2
foshoVoodoo  topics gone triple plat - Number 1 spot x54
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reverse psychology
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 1 month ago '20        #3
Xiox  topics gone triple plat - Number 1 spot x1
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This is America op & shyt will continue to run downhill , this is all talk capitalist will pay off the politicians to scrap this . The same politicians benefits from not paying their fair share its just a smoke screen
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 1 month ago '07        #4
yola  topics gone triple plat - Number 1 spot x63
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+16   

 1 month ago '18        #5
MrPersonality  topics gone triple plat - Number 1 spot x3
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Super cap
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 1 month ago '16        #6
PeeKwod  topics gone triple plat - Number 1 spot x1
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Yeah like they're going to p*ss off their lobbyists
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 1 month ago '06        #7
whammy  topics gone triple plat - Number 1 spot x1
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They'll pass on this and focus on making sure people that use the Coin Star machines get taxed. Don't want peoples' couch cushions to be a tax haven.
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