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Tuesday, March 31, 2026 ■ Today's Top News 'Let Me Clear Things Up': Bernie Sanders Explains Wealth Tax to Wall Street Overlord Jamie Dimon “If my 5% wealth tax on billionaires was enacted, you’d owe $135 million more in taxes, and a family of four making $150,000 or less would receive a $12,000 payment. Oh, and you’d still be worth more than $2.5 billion." By Stephen Prager As billionaires nationwide rally to stop tax increases on the wealthy, US Sen. Bernie Sanders stepped in to “clear things up” for one of Wall Street’s top power brokers after he railed against the proposal. Following in the footsteps of California, where a popular ballot initiative to impose a one-time 5% tax on the state’s 200 billionaires has gained steam, Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.) introduced their own federal proposal earlier this month to tax those with net worths of more than $1 billion 5% of their annual household wealth. RECOMMEN...