Democrats consider billionaires income tax to help pay for spending bill


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Democrats consider billionaires income tax to help pay for spending bill



Democratic lawmakers are considering a billionaire income tax to help pay for President Biden’s agenda. CBS News reporter Sarah Ewall-Wice joined CBSN’s Tanya Rivero with more on how this tax would work.

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37 Comments

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  1. How can any true American senator vote for larger debt on social programs. When the government continues to have debit deficit even to saying there's going to be problems by 2026 on social security. I am so tired of hearing how the rich man needs to pay more. What a smoke screen. Make me sick! We all know this is such bull.

  2. Quit corrupting the law and everything is good most of the statues and ordinances they pass are against the law in the first place quit giving theses representatives power to pass anything without the citizens consent…..

  3. One of the biggest problems in America is people wanting what other people have. That’s what this boils down to.
    Democrats give away so much money to keep people voting for them , divert some for themselves , and spend the rest of it foolishly. Now they’ve wasted so much they must find a new source.
    And I’m not a billionaire, nor do I know any. Im just saying, when they completely run out of other peoples money, that’s when it’ll hit the fan, but it’ll be too late to do anything about it…

  4. Crypto investment is the only way to make massive income!!, Investing in crypto now should be in every wise individuals list,in some months time you'll be ecstatic with the decision you make today

  5. Would George Soros, godfather of the Socialist Democratic Party, get a special exemption or deduction for his contributions to the " special " societal organizations he sponsors ? That would be a big problem with other billionaires, who would be jealous. Perhaps the Dums could impose a $100.00 entry fee tax on all the illegals they are inviting into the U.S., after all they are paying thousands to the coyotes that bring them.

  6. The hyper wealthy don't pay taxes now, and they never will. Nothing new under the sun since ancient Egypt. The hyper wealthy are ABOVE THE LAW, because they can. They pay lobbyists to write the laws we have to follow, but they are exempt. FED members insider trading??? NOT A PROBLEM! If it were you or I, or Martha Stewart, we'd all be in prison already. WALL STREET AND GOVERNMENT ARE UTTERLY CORRUPT. So much so, that they rub our face in it: "Naked shorts yeah!" – CNBC

  7. What is wrong with billionaires, who pay less, or nothing in taxes anyway, paying some taxes like everyone else? I bet that some of the trolls voting down likes, are even paid by these billionaires.

  8. reporters are not being taxed on your 401(k) is that you haven’t sold either not just billionaires, Not even Communist China tax and realize unrealized gains

    Democrats are scary

  9. Jesus Christ saves from sin.
    Romans 3: 23
    For all have sinned, and come short of the glory of God;
    Hebrews 9: 27
    And as it is appointed unto men once to die, but after this the judgment:
    Isaiah 64: 6
    But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away.
    Revelation 21: 8
    But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death.
    Romans 5: 8
    But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us.
    John 3: 16
    For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.
    John 14: 6
    Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
    Romans 10: 9-10.
    That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
    For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.
    Jesus said John 5: 24
    Verily, verily, I say unto you, He that heareth my word, and believeth on him that sent me, hath everlasting life, and shall not come into condemnation; but is passed from death unto life.
    1John 5: 10-13
    He that believeth on the Son of God hath the witness in himself: he that believeth not God hath made him a liar; because he believeth not the record that God gave of his Son.
    And this is the record, that God hath given to us eternal life, and this life is in his Son.
    He that hath the Son hath life; and he that hath not the Son of God hath not life.
    These things have I written unto you that believe on the name of the Son of God; that ye may know that ye have eternal life, and that ye may believe on the name of the Son of God.
    Ephesians 2: 8-9
    For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
    Not of works, lest any man should boast.
    Romans 8: 1
    There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit.
    1 Corinthians 15: 3-4
    For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures;
    And that he was buried, and that he rose again the third day according to the scriptures:
    2 Corinthians 5: 21
    For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.
    ,…………………………………………………………………………………………………………………………………………………

  10. I suppose there will be some kind of basis adjustment for the down years. IRS won’t give you money back when your investments decline for several years.
    What is a lavish lifestyle? Who judges ? I guess lavish is anything better than mine ( or yours)
    The interviewed person constantly shook her head no as she talked about fairness. Very distracting…

  11. How about the 61% of Americans who don' t pay any taxes ?
    Shouldn't we all be paying some income tax ?
    How about a minium $500 single, $750 jointly ?
    A " Participation" tax.

  12. What she said doesn't make sense though, if you borrow money you have to pay it back, with cash, at some point. How can you pay the loan back if you don't sell your assets? And when you do sell your assets to pay for the loan, you get taxed, unless you took a loss on the sale in which case you pay even more than tax because every dollar in capital loss is 100%.

  13. Only A Billionaire who steps on the little guy to get "RICH" would appose paying taxes! That's why a lot of American Jobs where sold out to Canada, Mexico, China, and other countries over the last 30 years and why we have a Supply Chain Issue!