@SenWarren The top 1% pays more in tax now than any point in our country’s history. A thought exercise: with the most progressive tax plan that we have ever had, income inequality has exploded. When will you realize that the income inequality is the RESULT of the current policy.
@InsideTheParkYT@notlarrysabato Indeed, lower threshold for the 3.8% surtax. But, who do you think pays the bills? The top 1% is estimated to pay 17% of the states income tax. Bad news, if this passes, they can will likely leave. Then the burden gets shifted to the middle class.
@myMizBiz@The_Lawtender@byelin@notlarrysabato Correct HR 188 and HR 378 have not yet passed. And if so, Spanberger might veto it. If she is really a moderate, she will. However, both are strong possibilities.
@AlphaBlk42120@Voncheeze@TheCalvinCooli1 Actually NOT true. Show me your source. over 1 Trillion in wealth has left California just with the possibility of a 5% wealth tax. Imagine how much would leave if it becomes law.
@jakehirsch77@notlarrysabato Well, it is a surtax on passive income, but if your total income hits the threshold, then you pay the tax. The top 1% pays 17% of your tax bill. They will leave and then the state loses their largest tax base. Stupidity at its finest. We want to ATTRACT those folks!
@Voncheeze@TheCalvinCooli1 Except when those rich folks leave the state and there is no tax revenue left. The top 1% pays approximately 17% of VA tax. If the rich leave (and they will) the middle class will be left with the empty bag. Why do you think TX and FL have so many folks moving there?
@MarinaMedvin This will make VA the highest taxed state in the DMV. If our new governor signs this into law, I am headed to AZ which has a flat 2.5% income tax.
@RepGoodlander I agree as soon as there are term limits in Congress. Two terms in the senate and three terms in the house and then 25 years in the bench. Get congressional term limits passed and I would support you. Good luck!
@SenSchumer So you vote in a failed plan and now it is someone else’s fault? I want free money as well! Of course that is possible with 37 trillion in debt. Time to kill ACA.