Elizabeth Warren and others on progressive Left reintroduce ‘ultra-millionaires’ tax

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Sen. Elizabeth Warren (D-MA) reintroduced legislation on Tuesday designed to rake in trillions of dollars in tax revenue by targeting “ultra-millionaires” worth more than $50 million.

Warren first introduced the legislation in 2019. This time around, co-sponsors include other members of the progressive Left, such as Sen. Bernie Sanders (I-VT). Progressive Caucus Chairwoman Pramila Jayapal (D-WA) and Rep. Brendan Boyle (D-PA) are leading the effort in the House.

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