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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCollins offers amendment to raise tax rates on ultrawealthy earners
Maine Sen. Susan Collins (R) has filed an amendment to the One, Big Beautiful Bill Act that would raise the marginal tax rate on individuals who earn more than $25 million per year and couples who earn more than $50 million per year.
The amendment has a tough path to getting a simple majority vote, although Sen. Roger Marshall (R-Kan.) told reporters Monday morning he would back it.
The amendment would create a new 39.6 percent tax bracket for individuals earning more than $25 million and couples earning more than $50 million and allocate the money toward doubling the rural hospital relief fund, which is now funded at $25 billion in the bill.
Collinss amendment would double the size of the rural hospital relief fund to $50 billion.
https://www.yahoo.com/news/collins-offers-amendment-raise-tax-144832919.html
Good idea that will probably die.

bucolic_frolic
(51,115 posts)Mordred
(192 posts)about being re-elected next year. She likely doesn't care if it succeeds or not, it's a campaign posturing move to keep Maine voters from swinging away from her.
SleeplessinSoCal
(10,135 posts)Murkowsky, Paul, Tillis and herself. Is that enough to add an amendment if all Dems vote for it?
babylonsister
(172,182 posts)dweller
(26,764 posts)Pull the other one , Susan
It has bells on it
now she can say she tried
and then vote aye
✌🏻
TomSlick
(12,512 posts)Susan is grasping for a fig leaf. She knows her amendment doesn't have a chance but now she can say she tried - and vote for the bill.
We've seen this movie before.
hamsterjill
(16,067 posts)We've seen the movie so much that most of us can mouth the dialogue without subtitles.
chelsea0011
(10,140 posts)for not supporting her worthless amendment. Hey, just vote no on bill and you still get what your amendment asked.
senseandsensibility
(22,692 posts)My bet is shrug and vote for the big ugly bill.
Silent Type
(10,221 posts)A 5% tax increase proposed in 2022 on a lower income threshold ($10 M) produced only $23 B in additional tax revenue.
https://www.americanprogress.org/article/the-millionaire-surcharge-would-improve-the-fairness-of-the-tax-code/#:~:text=The%20millionaire%20surcharge%20included%20in,22%2C000%2C%20would%20pay%20this%20surcharge.
OrlandoDem2
(2,975 posts)Grins
(8,540 posts)Top tax rate goes up from 37% to 39.6%? A whopping 2.6 points?? Brutal, man, brutal.
Put it back to 50% - where REAGAN had it! - on everything over, say, $600K, and maybe we can talk.
This is just another shiny object to swing in front of the blank, dead-eyes of the unwashed MAGA.
And dead-on-arrival.
In January 2001 - BEFORE the smirking dry drunk selected by the SCOTUS was even inaugurated - budget surpluses became a dirty word and had to be stopped!!!
Another Maine Senator, Olympia Snowe, being a bit more rational, offered an amendment to the GOPs tax bill that would add triggers automatically killing the tax cuts if the GOPs ass-pulled revenues projections failed to appear.
Other fiscally responsible Republicans PUBLICLY gave lip service to the idea. Greenspan - endorsed the idea.
In the end - they all voted against it!
After all, they are Republicans
SSJVegeta
(998 posts)And create free public college out of it. Or at least propose it to see who votes it down.
hatrack
(62,848 posts)How about 60%, Susan? Maybe 75%?
How about something a bit beefier than you farting in a Category 5 hurricane and claiming that it sounds like Gabriel's horn?
PeaceWave
(1,600 posts)It looks better for Dems if the GOP does NOTHING in this bill to hurt the wealthy. Otherwise, come midterms, the GOP will point to this one stupid amendment to claim that "everyone sacrificed."
TomSlick
(12,512 posts)The amendment doesn't stand a snowballs chance in hell. The whole purpose of the bill is tax breaks for the obscenely rich.
PeaceWave
(1,600 posts)TomSlick
(12,512 posts)Why are GOP senators and representatives voting to strip medical care from their constituents and close hospitals in their states?
The level of political malpractice is breath taking.
PeaceWave
(1,600 posts)TomSlick
(12,512 posts)Their constituents are only now beginning to realize what this monstrosity of a bill will do. Just wait until they lose their health coverage, the local hospital closes, and the nursing home calls to say that Granny is being evicted.
PeaceWave
(1,600 posts)W_HAMILTON
(9,218 posts)DET
(2,082 posts)Apparently Republicans just voted down a proposed amendment to exempt kids under twelve from cuts to food aid. I can see the ads now.