The Nation: Biden’s Billionaire Tax Is Smart Politics for the Midterms

Right now, über-billionaire Elon Musk enjoys a tax rate of 3.27 percent, while Amazon’s Jeff Bezos pays 0.98 percent, according to a 2021 ProPublicareport. Getting them to pay 20 percent would be an epic accomplishment, which is what makes the president’s initiative a big deal. Indeed, as Amy Hanauer of the Institute on Taxation and Economic Policy has said: Read more