It's Time for Billionaires to Pay Their Fair Share in Taxes
We are facing levels of inequality not seen since the Gilded Age of the robber barons, where the top one-tenth of one percent owns about as much wealth as the bottom 90 percent. The richest 400 billionaires pay lower taxes than everyone else. In my view, this obscene inequality in wealth and political power is not compatible with a democratic society. I am proud that Rep. Jimmy Gomez is leading three dozen members of the House in introducing the For The 99.8% Act to tax today’s dynasty trusts and curb their power, while raising trillions of dollars for the essential programs we need as a country.