WASHINGTON, April 6 -- Sen. Jeff Merkley issued the following press release:
Oregon's U.S. Senator Jeff Merkley joined a bicameral group of 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 (https://www.warren.senate.gov/imo/media/doc/ultra-millionaire_tax_act_score.pdf), the bill would generate $6.2 trillion in revenue over the next decade, 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.
"For too long, a handful of ultra-millionaires and billionaires have watched their fortunes soar while working families...