Collins offers amendment to raise tax rates on ultrawealthy earners

[Yo_Mama_Been_Loggin]

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.