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Yo_Mama_Been_Loggin

(126,147 posts)
Mon Jun 30, 2025, 08:21 PM Jun 30

Collins 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.

Collins’s 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.

27 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Collins offers amendment to raise tax rates on ultrawealthy earners (Original Post) Yo_Mama_Been_Loggin Jun 30 OP
Wow. She must be really worried. /nt bucolic_frolic Jun 30 #1
She is indeed worried Mordred Jun 30 #2
It might have a chance SleeplessinSoCal Jun 30 #4
Yea, she actually did her job. And we're shocked! nt babylonsister Jun 30 #9
Again dweller Jun 30 #3
Exactly. TomSlick Jun 30 #13
You are SO right. hamsterjill Jun 30 #19
She had the nerve to call Dems hypocrited chelsea0011 Jul 1 #27
What's she gonna do when the Rs won't vote for it? senseandsensibility Jun 30 #5
Good idea, but that would probably raise less $20 Billion a year. Still a good precedent. Silent Type Jun 30 #6
We need a Democrat who can beat the snot out of her. She's a phony! OrlandoDem2 Jun 30 #7
Another shiny object for the MAGA idiots... Grins Jun 30 #8
Somebody needs to make a 70% bracket for the wealthisest Americans SSJVegeta Jun 30 #10
No, ass-covering serving double duty as distraction . . . hatrack Jun 30 #11
This message was self-deleted by its author PeaceWave Jun 30 #12
Not to worry. TomSlick Jun 30 #14
This message was self-deleted by its author PeaceWave Jun 30 #15
The whole thing is beyond me. TomSlick Jun 30 #16
This message was self-deleted by its author PeaceWave Jun 30 #17
That's clearly what they believe. I just don't think they're correct. TomSlick Jun 30 #18
This message was self-deleted by its author PeaceWave Jun 30 #20
Republicans are propagandists -- they will claim that regardless. W_HAMILTON Jul 1 #25
It Will Fail DET Jun 30 #21
It's not enough! Iamscrewed Jun 30 #22
Collins will clutch her pearls and definitely vote for this horrible bill. Gimpyknee Jun 30 #23
In the MAGA "Leave It To Beaver" years the top marginal tax rate was 70%. Marcuse Jun 30 #24
It failed 22-78. Dems Ossoff, Warner and Warnock along with Independent King voted with 18 Repubs in the failed vote. LonePirate Jul 1 #26

Mordred

(195 posts)
2. She is indeed worried
Mon Jun 30, 2025, 08:34 PM
Jun 30

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

(10,190 posts)
4. It might have a chance
Mon Jun 30, 2025, 08:39 PM
Jun 30

Murkowsky, Paul, Tillis and herself. Is that enough to add an amendment if all Dems vote for it?

dweller

(26,851 posts)
3. Again
Mon Jun 30, 2025, 08:38 PM
Jun 30

Pull the other one , Susan
It has bells on it …

now she can say she tried
and then vote ‘aye’





✌🏻

TomSlick

(12,600 posts)
13. Exactly.
Mon Jun 30, 2025, 10:16 PM
Jun 30

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

(16,118 posts)
19. You are SO right.
Mon Jun 30, 2025, 10:34 PM
Jun 30

We've seen the movie so much that most of us can mouth the dialogue without subtitles.

chelsea0011

(10,148 posts)
27. She had the nerve to call Dems hypocrited
Tue Jul 1, 2025, 05:18 AM
Jul 1

for not supporting her worthless amendment. Hey, just vote no on bill and you still get what your amendment asked.

Grins

(8,616 posts)
8. Another shiny object for the MAGA idiots...
Mon Jun 30, 2025, 09:17 PM
Jun 30

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 GOP’s tax bill that would add “triggers” automatically killing the tax cuts if the GOP’s 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

(1,153 posts)
10. Somebody needs to make a 70% bracket for the wealthisest Americans
Mon Jun 30, 2025, 09:35 PM
Jun 30

And create free public college out of it. Or at least propose it to see who votes it down.

hatrack

(63,028 posts)
11. No, ass-covering serving double duty as distraction . . .
Mon Jun 30, 2025, 10:12 PM
Jun 30

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?

Response to Yo_Mama_Been_Loggin (Original post)

TomSlick

(12,600 posts)
14. Not to worry.
Mon Jun 30, 2025, 10:19 PM
Jun 30

The amendment doesn't stand a snowballs chance in hell. The whole purpose of the bill is tax breaks for the obscenely rich.

Response to TomSlick (Reply #14)

TomSlick

(12,600 posts)
16. The whole thing is beyond me.
Mon Jun 30, 2025, 10:23 PM
Jun 30

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.

Response to TomSlick (Reply #16)

TomSlick

(12,600 posts)
18. That's clearly what they believe. I just don't think they're correct.
Mon Jun 30, 2025, 10:30 PM
Jun 30

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.

Response to TomSlick (Reply #18)

DET

(2,117 posts)
21. It Will Fail
Mon Jun 30, 2025, 10:38 PM
Jun 30

Apparently Republicans just voted down a proposed amendment to exempt kids under twelve from cuts to food aid. I can see the ads now.

LonePirate

(14,144 posts)
26. It failed 22-78. Dems Ossoff, Warner and Warnock along with Independent King voted with 18 Repubs in the failed vote.
Tue Jul 1, 2025, 01:22 AM
Jul 1
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