Sanders proposes $4.4 trillion tax on billionaires

Democrats eye wealth tax for billionaires to fund $3,000 payments

(The Center Square) – Democrats are pitching a new wealth tax on billionaires to be used to send $3,000 payments to those making $150,000 or less, but the measure faces long odds in the Republican-controlled legislature.

Sanders proposes $4.4 trillion tax on billionaires

Sen. Bernie Sanders (I-Vt.) has teamed up with Rep. Ro Khanna (D-Calif.) to propose a 5 percent annual wealth tax on the nation’s billionaires that would raise an estimated $4.4 trillion over the next decade to help “working families” cope with higher living costs. The tax hike would apply to 938 billionaires in the U.S.,…

Progressive lawmakers Bernie Sanders, Ro Khanna unveil $4.4T wealth tax targeting billionaires

The "Make Billionaires Pay Their Fair Share Act" would impose a direct 5% wealth tax on assets and income over $1 billion, projecting $4.4 trillion in revenue.

Bernie Sanders Proposes 5 Percent Wealth Tax on Billionaires That Would Send $3,000 to Most Americans

The Vermont senator’s proposal would levy a yearly wealth tax on America’s roughly 1,000 billionaires, raising an estimated $4.4 trillion for social spending programs.

The Sanders-Khanna 'billionaire tax' would make all Americans poorer

Hiking taxes on billionaires is regressive in the long run, as it will impoverish Americans by reducing investment and economic growth.

Bernie Sanders proposes a billionaire wealth tax that could pay $3,000 to US households

The two progressives estimate the tax would bring in $4.4 trillion over the next decade.