US EditionCollins Offers Amendment to Raise Tax Rates on Ultrawealthy Earners
UNITED STATES, JUL 1 – Sen. Collins proposed raising taxes on ultra-wealthy to double rural hospital funding to $50 billion, but the amendment failed 22-78 amid concerns over Medicaid cuts and rural closures.
- Early Tuesday morning, Collins's amendment to double rural hospital funding by taxing the ultra-wealthy failed 22-78 in the Senate.
- Amid fears of Medicaid cuts threatening rural hospitals, Collins proposed increasing the relief fund from $25 billion to $50 billion, but her amendment failed in a 22-78 vote.
- Analysis reveals the proposed 39.6% tax bracket would affect only 1,600 earners making over $20 million in 2023, according to Social Security data.
- Following the failed 22-78 Senate vote, Collins blamed Democrats and called them 'hypocrites' as debate continues through the week.
- With the July 4 deadline, Senate rushes to pass bill risking rural hospital closures in Maine due to Medicaid cuts.
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Senate defeats Collins proposal to raise taxes on highest earners to help rural hospitals
Collins Proposes Tax Hike on Ultra-Wealthy to Boost Rural Hospital Funding - News Facts Network
Sen. Susan Collins (R-ME) filed an amendment Monday to President Trump’s “One, Big Beautiful Bill... The post Collins Proposes Tax Hike on Ultra-Wealthy to Boost Rural Hospital Funding appeared first on News Facts Network.
Collins offers amendment to raise tax rates on ultrawealthy earners
Susan Collins is proposing a new tax bracket for individuals earning above $25 million and couples above $50 million to fund rural hospital relief in President Trump's One Big Beautiful Bill Act.
Key Vote Alert - Senate - “NO” on Senator Susan Collins’ Amendment #2812 to H.R. 1 Tax Increase
The Club for Growth urges all Senators to vote NO on the Senator Susan Collins amendment #2812 to H.R. 1 – the One Big Beautiful Bill Act providing for a tax increase. The results of this vote will be included in the Club for Growth Foundation’s 2025 congressional scorecard. The Collins amendment is a poison pill to the One Big Beautiful Bill Act. This amendment would apply a 39.6% individual income tax rate to provide $25 billion in additional …
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