Photo: Rep. Hakeem Jeffries, D-N.Y., standing with other House Democrats, talks to reporters outside the West Wing of the White House. Half its original size, President Joe Biden’s big domestic policy plan is being pulled apart and reconfigured as Democrats edge closer to satisfying their most reluctant colleagues and finishing what’s now about a $1.75
The crowded Democratic primary field managed to reach a consensus on at least one issue — to raise taxes — with disagreements only over which taxes should rise and by how much. Senators Elizabeth Warren and Bernie Sanders staked the most radical ground with proposals to impose wealth taxes, going after the assets (not just
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