Billionaires to Trump:tax us


“The next dollar of new tax revenue should come from the most financially fortunate, not from middle-income and lower-income Americans,” the letter said. It was first reported by The New York Times.

A tax on America’s wealthiest has been at the forefront of the 2020 election stage. Democratic presidential hopefuls Elizabeth Warren, Bernie Sanders, Pete Buttigieg, Beto O’Rourke and others have come out in support of a tax on the wealthiest Americans.

Earlier this year, Warren proposed a tax of 2% on wealth over $50 million and 3% on wealth over $1 billion. The proposal is estimated to generate nearly $3 trillion in tax revenue in the next decade.

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