Tech billionaires in the crosshairs of new tax proposals

America’s richest tech executives and their companies are in the crosshairs of a new effort by Democrats to pay for the party’s ambitious social spending plans.

While the new billionaires tax and corporate tax minimum proposals are not specifically targeted toward tech, the industry would be among the hardest hit.

Big Tech celebrities like Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg and Tesla’s Elon Musk — as well as the companies they own — would see their tax bills skyrocket if the new tax comes to fruition.