California Democrats have proposed a wide array of new taxes in the new legislative session that have some party members in the state worried about the potential political fallout.
Sen. Elizabeth Warren (D., Mass.) will propose a “wealth tax” on people with more than $50 million in assets, according to an economist advising her on the issue.
Democratic Rep. Nancy Pelosi (Calif.) has yet to take the speaker’s gavel of the U.S. House of Representatives, but Democrats are already laboring to make it easier to dismantle the achievements of the Trump presidency.
Republican congressional hopeful Pete Stauber says that his Democratic opponent’s support for a $2 billion tax hike could cost him in the midterm elections.
The Democratic nominee for governor in Florida who ran a primary campaign claiming he was the only “true progressive” in the race is proposing a 40 percent hike in the state’s corporate taxes, and is selling the idea in-part by comparing his proposed tax rates to California, one of the highest states for corporate taxation in the nation.
Local lawmakers in Seattle are poised to repeal a new tax on big businesses after receiving major pushback from local businesses like Starbucks and Amazon.