Rep. Katie Porter Explains Biden's Billionaire Tax - The Last Word - MSNBC

[Rhiannon12866]

Rep. Katie Porter (D-CA) joins MSNBC's Lawrence O’Donnell to discuss President Biden’s new minimum tax targeting the wealthiest Americans’ income and unrealized gains like stocks. Rep. Porter says “just because the ultra-wealthy are receiving their income in a different form … it doesn’t mean it shouldn’t be taxed.” Aired on 03/28/2022.

[Hoyt]

1. This tax is needed. However, gonna take a lot more than the measly

$37 Billion it raises a year to contribute toward healthcare, jobs, education, childcare, and everything else we need. It’s around a week of our current deficit.

[Rhiannon12866]

2. Excellent point

And today everything costs more, as well. Plus, we're giving unprecedented billions in aid, not that I'm opposed to that, it's desperately needed and the least we can do, but the money has to come from somewhere.