Sanders, Khanna to propose federal billionaires wealth tax
By Garrett Downs
Published on March 2, 2026.
Sen. Bernie Sanders and Rep. Ro Khanna, both Democrats, plan to introduce a bill to impose a federal wealth tax on billionaires. This comes as the idea of taxing billionaires has become popular in Democratic states. The potential impact of a potential ballot measure to tax billionaires in California has caused some of the wealthy to leave the country.
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