Committed, through reintroducing the Billionaires Income Tax Act, to change tax law so people with more than $1 billion in assets pay tax each year on their gains rather than deferring it.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “Committed, through reintroducing the Billionaires Income Tax Act, to change tax law so people with more than $1 billion in assets pay tax ea…”
Sources
- U.S. Senate Committee on Finance (finance.senate.gov)https://www.finance.senate.gov/ranking-members-news/wyden-cohen-beyer-introduce-the-billionaires-income-tax-act ↗
“While people like nurses and firefighters pay taxes straight out of every paycheck, there's a thicket of little-known tricks and accounting rules that allow billionaires to opt out of paying a fair share of tax on the income they enjoy.”