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McConnell takes aim at ‘Billionaires Tax' as Dems near deal on reconciliation

1 month ago   |   By New York Post

Senate Minority Leader Mitch McConnell slammed the Democrats' proposed billionaire tax to pay for President Biden's sweeping social spending bill.
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Mitch McConnell slams Democrats' proposal to tax billionaires, calling it a 'hair-brained scheme' to penalize people who 'invested wisely'

Mitch McConnell slams Democrats' proposal to tax billionaires, calling it a 'hair-brained scheme' to penalize people who 'invested wisely'

1 month ago   |   By Business Insider

Senate Minority Leader Mitch McConnell.
AP Photo/Manuel Balce Ceneta
Mitch McConnell criticized Democrats' plan to tax billionaires' assets, calling it a "hair-brained scheme."
The proposal by Sen. Ron Wyden would annually tax the increased value of wealthy people's assets.
McConnell argued it was penalizing those who "invested wisely."
Democrats have an plan to finance their scaled-down social-spending bill with a tax on billionaires' assets. Senate Minority Leader Mitch McConnell on Monday was quick to oppose that idea. "This hair-brained scheme would have the IRS penalizing people who...
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