Middleboro Review and so on

  On Tax Day, Sen. Chris Van Hollen and Rep. Don Beyer reintroduced the  Millionaires Surtax Act.  That bill focuses directly on the part of the tax code lawmakers keep avoiding: income above $1 million for individuals and $2 million for married couples. A 10% surtax on that income would raise about $1.5 trillion over the next decade. 1 So why hasn’t Congress acted? Because the current system works exactly the way wealthy donors want it to. High-income households pull in massive earnings from capital gains, dividends, and business profits. Those income streams move through the tax code with lower rates and built-in advantages, allowing more wealth to stay at the top and grow even faster. That rigged system shows up every time lawmakers claim there isn’t enough money for healthcare, housing, education, or lowering costs. Tell Congress to stop shielding income over $1 million and pass the  Millionaires Surtax Act  so the richest households finally pay their fair s...