Democratic Representative Pramila Jayapal took to X to introduce her new tax plan for the uber wealthy. Jayapal posted: “That’s why I introduced my Ultra-Millionaire Tax Act alongside @SenWarren
— so the rich pay their fair share, and we can actually invest in all Americans.” The Ultra-Millionaire Tax Act is a proposed U.S. federal wealth tax legislation aimed at addressing extreme wealth concentration in the country. Reintroduced in March 2026 …
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