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Yo_Mama_Been_Loggin

(125,178 posts)
Mon Jun 30, 2025, 08:21 PM 11 hrs ago

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 11 hrs ago OP
Wow. She must be really worried. /nt bucolic_frolic 11 hrs ago #1
She is indeed worried Mordred 11 hrs ago #2
It might have a chance SleeplessinSoCal 11 hrs ago #4
Yea, she actually did her job. And we're shocked! nt babylonsister 10 hrs ago #9
Again dweller 11 hrs ago #3
Exactly. TomSlick 9 hrs ago #13
You are SO right. hamsterjill 9 hrs ago #19
She had the nerve to call Dems hypocrited chelsea0011 2 hrs ago #27
What's she gonna do when the Rs won't vote for it? senseandsensibility 11 hrs ago #5
Good idea, but that would probably raise less $20 Billion a year. Still a good precedent. Silent Type 11 hrs ago #6
We need a Democrat who can beat the snot out of her. She's a phony! OrlandoDem2 10 hrs ago #7
Another shiny object for the MAGA idiots... Grins 10 hrs ago #8
Somebody needs to make a 70% bracket for the wealthisest Americans SSJVegeta 10 hrs ago #10
No, ass-covering serving double duty as distraction . . . hatrack 9 hrs ago #11
From a political strategy POV, we do NOT want this amendment to pass... PeaceWave 9 hrs ago #12
Not to worry. TomSlick 9 hrs ago #14
I know. And, I find it bizarre that the GOP doesn't realize how bad they look. PeaceWave 9 hrs ago #15
The whole thing is beyond me. TomSlick 9 hrs ago #16
They believe the brainwashing of their constituents is irreversible. PeaceWave 9 hrs ago #17
That's clearly what they believe. I just don't think they're correct. TomSlick 9 hrs ago #18
Being robbed isn't enough. The GOP base won't take offense unless they're punched in the face as well. PeaceWave 9 hrs ago #20
Republicans are propagandists -- they will claim that regardless. W_HAMILTON 6 hrs ago #25
It Will Fail DET 9 hrs ago #21
It's not enough! Iamscrewed 8 hrs ago #22
Collins will clutch her pearls and definitely vote for this horrible bill. Gimpyknee 8 hrs ago #23
In the MAGA "Leave It To Beaver" years the top marginal tax rate was 70%. Marcuse 8 hrs ago #24
It failed 22-78. Dems Ossoff, Warner and Warnock along with Independent King voted with 18 Repubs in the failed vote. LonePirate 6 hrs ago #26

Mordred

(192 posts)
2. She is indeed worried
Mon Jun 30, 2025, 08:34 PM
11 hrs ago

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)
4. It might have a chance
Mon Jun 30, 2025, 08:39 PM
11 hrs ago

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

dweller

(26,764 posts)
3. Again
Mon Jun 30, 2025, 08:38 PM
11 hrs ago

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

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





✌🏻

TomSlick

(12,512 posts)
13. Exactly.
Mon Jun 30, 2025, 10:16 PM
9 hrs ago

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)
19. You are SO right.
Mon Jun 30, 2025, 10:34 PM
9 hrs ago

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

chelsea0011

(10,140 posts)
27. She had the nerve to call Dems hypocrited
Tue Jul 1, 2025, 05:18 AM
2 hrs ago

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

Grins

(8,540 posts)
8. Another shiny object for the MAGA idiots...
Mon Jun 30, 2025, 09:17 PM
10 hrs ago

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

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

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

hatrack

(62,848 posts)
11. No, ass-covering serving double duty as distraction . . .
Mon Jun 30, 2025, 10:12 PM
9 hrs ago

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)
12. From a political strategy POV, we do NOT want this amendment to pass...
Mon Jun 30, 2025, 10:14 PM
9 hrs ago

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)
14. Not to worry.
Mon Jun 30, 2025, 10:19 PM
9 hrs ago

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

TomSlick

(12,512 posts)
16. The whole thing is beyond me.
Mon Jun 30, 2025, 10:23 PM
9 hrs ago

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.

TomSlick

(12,512 posts)
18. That's clearly what they believe. I just don't think they're correct.
Mon Jun 30, 2025, 10:30 PM
9 hrs ago

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)
20. Being robbed isn't enough. The GOP base won't take offense unless they're punched in the face as well.
Mon Jun 30, 2025, 10:34 PM
9 hrs ago

DET

(2,082 posts)
21. It Will Fail
Mon Jun 30, 2025, 10:38 PM
9 hrs ago

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

(14,121 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
6 hrs ago
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