'Over and over again, Republicans in Washington have professed their deep concern about the national debt and yet virtually all of them have signed onto legislation that would provide a $1.8 trillion tax giveaway to billionaires,' said SenSanders.
from the Joint Committee on Taxation, Sanders' office noted that a previous version of the For the 99.5 Percent Act would have raised $430 billion in federal revenue over its first decade.
The For the 99.5 Percent Act is one of several pieces of legislation mentioned by the Patriotic Millionaires in its newly released, which calls for wealth taxes, a 90% top tax rate on centimillionaires, and other changes to"fundamentally reimagine our tax code." The polling data also showed that 70% of U.S. voters want Congress to"make sure millionaires and billionaires pay more in taxes."
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