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Does anyone know the rational for the “one-time” part? Seems more reasonable to have a permanent tax on wealth over $1 billion. And that tax should be substantially higher as well.
It’s meant to provide a temporary replacement for federal spending cuts on the theory that Democrats will win power and be able to restore sensible government at the federal level
Man, that is a big if, but makes sense.
2026 and going forward, “millions” is actually a low number – as bad as that figure is.
If we keep this an issue they have to spend money every year to prevent, when does it become easier and cheaper to just pay the taxes?
Billionaires poured in that money in NYC, too. 😂
