Wealth Tax Targets Inequality Worsened by Pandemic, Jayapal Says

March 2, 2021, 5:42 PM

Representative Pramila Jayapal says her wealth tax proposal would “level the playing field” of the U.S. tax code by targeting wealth not subject to income or property taxes, reducing inequality that has been exacerbated by the coronavirus pandemic.

“As we’ve seen over Covid we have had this situation where $1.3 trillion in additional wealth has been given to the billionaires and at the same time we have people who are lining up at food banks around the country,” Jayapal said in an interview Tuesday with Bloomberg TV.

WATCH: Rep. Pramila Jayapal says the proposed wealth tax would help level the playing field for Americans.
Source: Bloomberg)

The Ultra-Millionaire Tax Act unveiled Monday by the Washington Democrat along with ...

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