BREAKING: Nancy Pelosi Goes DOWN – Congress STUNNED

Democrats’ efforts to tax the unrealized gains of millionaires and billionaires have failed due to opposition from moderate members of the party, Breitbart reported.

Sen. Ron Wyden (D-OR) proposed the “billionaire tax” as a way to bridge the gap between moderates and progressives in the party and to help pay for the spending bill, but it was not ultimately successful.

Rep. Jimmy Gomez (D-CA) said he was angry about the talk about the tax and felt it was a waste of time.  “The Senate needs to start saying yes or no on issues and stop f***ing talking,” he said.

The Wall Street Journal said such a tax would face legal challenges and could be outside the scope of the 16th Amendment.

It could also be a problem if the assets go back down after the tax was paid.

Read the full story here.

 

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11 Responses

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  7. You can’t tax maybe. They haven’t actually made a dime until they sell it. It may go bust, then we will owe what we have collected plus inflation. If it goes up further in value, are you going to ask for more like trying a person twice. How often will IRS have to reevaluate or reimberse or add tax. This is a waste of time because the courts will find it illegal because it taxes based on what might be. This the proverbial couting chickens before they hatch.

  8. Time for the witch to Go , tooo long under her wicked , evil control

    God has a place for her , it is hot, very Hot , very empty , no money, no boooooze , no where to hide

    that s what will happen to the wicked who choose Money and love the world and all the lust therein .

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