Two Democratic senators, Van Hollen and Kelly, have proposed a plan to increase taxes on individuals earning more than $1 million and eliminate them for households making less than $80,500 a year. The proposal is seen as an attempt by Democrats to define their political stance ahead of the 2028 presidential election. Critics have suggested that this move resembles President Donald Trump's anti-tax message and is part of a trend that has been trended among left-leaning policy wonks. While the proposal lacks chance of becoming law, it is part part of an effort by Democrats when they return to power.