WASHINGTON ― would tax plutocratic estates. would apply an annual “wealth tax” to fortunes above $50 million. has pitched a 70% top tax rate for multimillionaires.
But for in charge of the House of Representatives, taxing the rich has been more of an abstract goal than an actual policy priority.
House Speaker (D-Calif.) spoke Wednesday at a “Tax the Rich” rally on the National Mall without actually mentioning a single new tax proposal.
After the rally, HuffPost asked Pelosi whether there were any tax hikes she favored. She said Democrats should revisit the Tax Cuts and Jobs Act that Republicans rushed to President Donald Trump’s desk at the end of 2017, but suggested no specific changes.