billionaires

U.S. Domestic spending plan

Big changes in White House ideas to pay for $2 trillion plan

In an abrupt change, the White House on Wednesday floated new plans to pay for parts of President Joe Biden’s $2 trillion social services and climate change package, shelving a proposed big increase in corporate tax rates though also adding a new billionaires’ tax on the investment gains of the very richest Americans. The reversal

Opinion

Opinion: Will a COVID-19 Tax on America’s Super Rich Help or Hurt?

Progressives call it “social justice.” Opponents call it “looting.” But what would the practical economic effects be of a “COVID-19 tax” on America’s super rich? Progressive senators Ed Markey of Massachusetts and Bernie Sanders of Vermont have proposed “The Make the Billionaires Pay Act.” The bill calls for a one-time tax on billionaires who supporters

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