We Need to Tax the Billionaires Right Now
Just over the past week, a billionaire wealth tax proposal has suddenly moved from the edge to the very center of the negotiating table for President Biden’s sweeping Build Back Better agenda.
What explains the shift? The reasons are both negative and positive.
On the negative side: Kyrsten Sinema.
Last week, the Arizona Senator took a break from high-roller fundraising to inform her colleagues that she opposes even partially undoing the tax rate cuts on corporations and wealthy individuals that Republicans enacted (and she voted against) in 2017. This sent...