Senate negotiators homing in on proposal to tax 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 with over $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. |
