States Move To Tax The Rich

Because Congress 'Won't Act,' Lawmakers in Seven States Team Up to Introduce Wealth Tax Bills
Frustrated with federal inaction in the face of soaring inequality, Democratic lawmakers in seven states across the U.S. are teaming up this week to simultaneously introduce wealth tax bills targeting the fortunes of billionaires and other rich individuals who have seen their net worth explode in recent years.
Officially launching on Thursday, the first-of-its-kind effort is led by state lawmakers in California, Connecticut, Illinois, Hawaii, Maryland, New York, and Washington—collectively home to around 60% of the country's wealth.
States Move To Tax The Rich