Political and Legislative
Senate Negotiators Are Closing in on a Final Tax Proposal for Billionaires
Democratic Senate negotiators are homing in on a final proposal to tax the nation’s wealthiest individuals and families as a principal source of revenue for a major human infrastructure spending bill.
The proposal would apply only to taxpayers who have more than $1 billion in assets or who earn $100 million in income for three consecutive years, according to a person familiar with the negotiations.
It would apply to around 700 taxpayers and is projected to raise hundreds of billions of dollars.
