Biden and congressional Democrats need to fund their $3.5 trillion plan to expand the nation's safety net

Biden and congressional Democrats need to fund their .5 trillion plan to expand the nation's safety net


The rich would be hit in a variety of ways under the proposal advanced by the House Ways & Means Committee.

All told, the legislation would bring in an additional $1 trillion in revenue from high-income Americans, according to the committee.

“I’m not out to punish anyone. I’m a capitalist. If you can make a million or a billion dollars, that’s great,” Biden said in an economic speech Thursday. “All I’m asking is you pay your fair share. Pay your fair share just like middle-class folks do. But that isn’t happening now.”

Here are three things to know about the very rich:

1. It took $540,000 in…

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Biden and congressional Democrats need to fund their $3.5 trillion plan to expand the nation's safety net

 

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