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.Lawmakers In 10 States Push Wealth TaxJanuary 24, 2024."While ultrawealthy Americans are unlikely to face any extra federal taxes any time soon, due to the makeup of Congress, legislators in at least 10 U.S. states this year are aiming to pass tax policies targeting their richest residents to raise revenue for the common good.Polling suggests most Americans want the ultrarich to face tax hikes. Pew Research Center found last April that 6 in 10 U.S. adults say the feeling that some corporations and wealthy people don't pay their fair share bothers them a lot.".."Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down." .
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Lawmakers In 10 States Push Wealth Tax
January 24, 2024
"While ultrawealthy Americans are unlikely to face any extra federal taxes any time soon, due to the makeup of Congress, legislators in at least 10 U.S. states this year are aiming to pass tax policies targeting their richest residents to raise revenue for the common good.
Polling suggests most Americans want the ultrarich to face tax hikes. Pew Research Center found last April that 6 in 10 U.S. adults say the feeling that some corporations and wealthy people don't pay their fair share bothers them a lot."
"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."
