“States are stepping up to make billionaires pay their fair share, and it’s time for Congress to take action too,” said U.S. Sen. Elizabeth Warren.

By Jake Johnson.  Published 1-18-2023 by Common Dreams

Photo: Fibonacci Blue/flickr/CC

Frustrated with federal inaction in the face of soaring inequality, Democratic lawmakers in seven states across the U.S. are teaming up this week to simultaneously introduce wealth tax bills targeting the fortunes of billionaires and other rich individuals who have seen their net worth explode in recent years.

Officially launching on Thursday, the first-of-its-kind effort is led by state lawmakers in California, Connecticut, Illinois, Hawaii, Maryland, New York, and Washington—collectively home to around 60% of the country’s wealth. Continue reading →