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Top Democrat Spikes Billionaire Tax
Top Democrat Spikes Billionaire Tax
October 27, 2021 at 3:55 pm EDT By Taegan Goddard
House Ways and Means Chair Richard Neal (D-MA) said “a proposal to put a levy on the assets of billionaires has been dropped in negotiations over revenue measures to pay for President Joe Biden’s social-spending bill,” Bloomberg reports.
“The House is discussing with the Senate instead inclusion of a 3% surtax, on top of the top income rate, for those earning more than $10 million.”
“The House is discussing with the Senate instead inclusion of a 3% surtax, on top of the top income rate, for those earning more than $10 million.”
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