Democrats see new momentum for plans to tax the rich
Brian Faler's Politico article reports that wealth tax and other tax-the-rich proposals are roaring back on Capitol Hill after Democrats won decisive 2026 midterm majorities, with plans pending from Sens. Van Hollen, Schumer, and Wyden and backing from possible 2028 hopefuls. Obstacles remain: a $2 trillion deficit, constitutional doubts about a wealth tax, uncertain support from red-state Democrats, and Trump's promised vetoes.
