'These revelations make me sick' — MadMoneyOnCNBC's JimCramer suggests a billionaire surtax after ProPublica bombshell
"They obviously are able to avoid paying income tax. Not evade. But avoid. And I know avoid is legal and the government says you can do everything you can to avoid. I think that has to be changed," the "Mad Money" host said on"There's not billions of billionaires. Let's come up with something for this small group," added Cramer, who spoke in generalities about a billionaire surtax.
Following this week's ProPublica report, Democratic Maryland Sen. Chris Van Hollen and Democratic Virginia Rep. Don Beyer reintroduced their "Millionaires Surtax" legislation, more akin to what Cramer put forward, except the bill would tax a much wider swath of rich Americans.
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