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Progressive states revive push to tax the rich as wealth disparity deepens across the US
- Chuck Collins, an heir to the Oscar Mayer fortune, supports raising taxes on the ultrarich, including himself.
- Massachusetts implemented a higher tax on incomes over $1 million, inspiring similar measures in California, Maryland, Minnesota, and New Jersey.
- Washington state lawmakers are considering a proposal for a nearly 10% annual tax on personal earnings exceeding $1 million amid a budget shortage.
- House Majority Leader Joe Fitzgibbon highlighted that Washington has had a highly regressive tax structure for 93 years.
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Associated Press News+20 Reposted by 20 other sources
Progressive states revive push to tax the rich as wealth disparity deepens across the US
Advocates across the U.S. are hoping a growing unhappiness of wage and wealth inequalities that have increased coming out of the COVID-19 pandemic will help more states adopt policies involve the rich paying more in taxes.
·United States
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Total News Sources22
Leaning Left2Leaning Right3Center12Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
12%
C 70%
R 18%
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