Washington, March 27 -- Congressman Brendan F. Boyle issued the following press release:
Congressman Brendan F. Boyle (PA-02), along with Representative Pramila Jayapal (WA-07), and U.S. Senator Elizabeth Warren (MA), led over 45 lawmakers in reintroducing the Ultra-Millionaire Tax Act, legislation that would apply a wealth tax to fortunes above $50 million. According to a new analysis, the bill would generate $6.2 trillion in revenue over the next decade, more than double the score of the bill when it was first introduced five years ago and enough money to pay for investments like universal child care, free community college, Medicare expansion, and more - without raising taxes on 99.85% of American households.
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