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Date: March 1, 2021 Contact: Julia Cusick Washington, D.C. Today, Sen. Elizabeth Warren (D-MA) and Reps. Pramila Jayapal (D-WA) and Brendan Boyle (D-PA) unveiled the Ultra-Millionaire Tax Act, which would levy a 2 percent annual tax on households and trusts worth between $50 million and $1 billion, as well an additional 1 percent annual surtax on assets above $1 billion. Following the announcement of the bill, Alexandra Thornton, senior director of tax policy at the Center for American Progress, released the following statement: The Ultra-Millionaire Tax Act recognizes that our tax system has become extremely unbalanced over the past few decades, contributing to wealth and income inequality. Income from work salaries and wages is taxed much more heavily than income from wealth. Even during the pandemic, while many low- and moderate-income people have lost wages and struggled to put food on the table, the stock market has continued to climb, enriching the wealthy, and those

United statesJulia cusickBrendan boyleAlexandra thorntonElizabeth warrenPramila jayapalUltra millionaire tax actAmerican progressஒன்றுபட்டது மாநிலங்களில்ஜூலியா க்யூஸிக்பிரெண்டன் பாயில்அலெக்சாண்ட்ரா தோர்ன்டன்எலிசபெத் வாரன்பிரமிழா ஜெயபால்அல்ட்ரா மில்லியனர் வரி நாடகம்அமெரிக்கன் ப்ரோக்ரெஸ்