Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent

The bill would create four tax brackets to tax those with “runaway wealth.”

A group of progressive lawmakers in the House have introduced a bill that would levy up to an 8 percent tax on the wealth of the richest Americans, with a goal of combating extreme and growing wealth inequality in the U.S. The bill, dubbed the Oppose Limitless Inequality Growth and Reverse Community Harms (OLIGARCH) Act, would levy a wealth tax on individuals who have at least 1,000...

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-09T23:50:08+00:00) » Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent. Retrieved from https://radiofree.asia/2023/07/26/progressives-unveil-bill-to-tax-billionaire-wealth-up-to-8-percent/.
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" » Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent." Sharon Zhang | radiofree.asia - Wednesday July 26, 2023, https://radiofree.asia/2023/07/26/progressives-unveil-bill-to-tax-billionaire-wealth-up-to-8-percent/
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" » Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent." Sharon Zhang | radiofree.asia [Online]. Available: https://radiofree.asia/2023/07/26/progressives-unveil-bill-to-tax-billionaire-wealth-up-to-8-percent/. [Accessed: 2024-05-09T23:50:08+00:00]
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» Progressives Unveil Bill to Tax Billionaire Wealth Up to 8 Percent | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/07/26/progressives-unveil-bill-to-tax-billionaire-wealth-up-to-8-percent/ | 2024-05-09T23:50:08+00:00
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