Democrats Join Patriotic Millionaires Group’s Call For 90% Tax Rate

Democrats Join Patriotic Millionaires Group's Call For Sky-High Taxes

  • A group of Democratic lawmakers and the Patriotic Millionaires, an organization of high-income and high net worth individuals favoring higher taxes on the wealthy, are calling on Congress to pass a 90% income tax on incomes above $100 million as fears of a recession are growing.
  • “My grandfather paid a 90% marginal tax rate on his income, and he amassed plenty of wealth in the process,” she said at a news conference on Tuesday. “That means rates of up to 90% on incomes over $100 million.”
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