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Billionaires Tax Proposal: Cash Payments for Millions

Published 1 week, 4 days ago
Description

Senators Bernie Sanders and Ro Khanna propose the Make Billionaires Pay Their Fair Share Act, a wealth tax on 938 billionaires to fund direct cash payments to millions of Americans. The bill aims to address wealth gaps, fix Medicaid and ACA cuts, expand Medicare, build affordable housing, and raise teacher salaries. The tax could generate $4.4 trillion, sending $3,000 to each household earning $150,000 or less annually. The bills path forward in Congress is uncertain.

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