Millionaires urge Democrats to include billionaire tax in spending bill
A group of about 250 millionaires on Monday urged top Democrats to include a proposal to tax billionaires' investment gains annually in their social-spending package, after the proposal was left out of a framework the White House released last week.
"Unless Congress acts now, billionaires will continue to be allowed by Congress to pay far less than their fair share of taxes," the millionaires wrote in a letter to congressional leaders and the chairs of Congress's tax committees.
The letter was organized by Americans for Tax Fairness, the Patriotic Millionaires and Responsible Wealth.
Democrats are aiming to pass their social spending bill - which includes spending and tax cuts in areas such as child care, health care and climate - as soon as this week.
https://www.msn.com/en-us/news/politics/millionaires-urge-democrats-to-include-billionaire-tax-in-spending-bill/ar-AAQcljV