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Blue States’ Wealth Tax Trap Would Crush American’s Prosperity

The left claims to support affordability but often backs tax hikes on families and businesses. While intended to fund social programs and aid vulnerable groups, these policies tend to raise prices and living costs for Americans.Sen. Bernie Sanders, I-Vt., and Rep. Ro Khanna, D-Calif., recently introduced legislation that would impose a 5% annual wealth tax on the net worth of billionaires to fund Medicare, Medicaid, free childcare, and “affordab…

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The Heritage Foundation broke the news on Thursday, May 7, 2026.
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