On Monday morning, Senator Elizabeth Warren of Massachusetts (D) proposed a new tax bill, alongside Washington Representative Pramila Jayapal (D) and Pennsylvania Representative Brendan Boyle (D), that would reportedly place a tax on “ultra-millionaire” net worths and households.
The legislation is co-sponsored by socialist Senator Bernie Sanders (I-VT), among others, and has similarities to Warren’s plans that she laid forth in the 2019 Democratic primary.
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