Rep. Ro Khanna says Biden’s proposed billionaire tax is a ‘first step’ in addressing U.S. inequality

April Brady / Project on Middle East Democracy

The White House is unveiling a new tax plan that would establish a minimum 20% tax rate on all U.S. households worth more than $100 million.

“It’s high time that people who have made billions of dollars pay the same taxes … as people who are in service jobs, and this is the first step towards that,” says California Congressmember Ro Khanna.

The Democratic lawmaker also talks about the Big Oil Windfall Profits Tax, his bill aimed at curbing profiteering by oil companies.

This article is republished from Democracy Now under a Creative Commons license. Read the original article.

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