With a wealth tax stalled at the national level and Republicans in control of the U.S. House, a coalition of progressives at the state level are fighting for tax justice.
by Nick Vachon, In These Times
The super-rich have done phenomenally well over the course of the pandemic. Since March 2020, U.S. billionaires have increased their wealth by 50% and the world’s 10 richest men — led by Tesla founder and Twitter owner Elon Musk—doubled their fortunes in the same period.
Now, a coalition of state lawmakers from California, New York, Washington, Connecticut, Illinois, Maryland, Minnesota and Hawai’i have announced a coordinated effort to increase taxes on their wealthiest residents.
The push is part of a new effort called Fund Our Future and is supported by the State Revenue Alliance — a group that coordinates political campaigns around tax justice — and SiX Action, a wing of the nonprofit State Innovation Exchange, which provides support to state legislators working to pass progressive policies.
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