Senator Elizabeth Warren and more than four dozen Democratic lawmakers are renewing their push for a federal wealth tax aimed at ultra-high-net-worth households, reintroducing legislation that would apply annual levies to fortunes above $50 million.
The proposal, the Ultra-Millionaire Tax Act of 2026, would impose a 2% annual tax on the net worth of households and trusts over $50 million, plus an additional 1% surtax on net worth above $1 billion, for a 3% top rate on billionaire wealth.
The bill also includes a proposed 40% “exit tax” on people worth more than $50 million who renounce US citizenship, along with new IRS funding and other enforcement measures.
As an energy nerd, this absolutely should be required be state government. Datacenter loads require immense amounts of energy (far more than state systems can handle), and these companies need to show financial commitment to be remotely considered.
Texas just told datacenter developers: put up $25 million before your interconnection study even starts, forfeit 80% if you walk away, and disclose your identity to the public.
The PUCT's proposed rule for large loads above 75 MW is the toughest interconnection framework in the country. 🧵
A few years ago, I got mad at @AmericanAir because they lost or misplaced my golf bag multiple times. Finally gave them another shot today, and sure enough, they lost my golf bag AGAIN.
@usacurl the coaching of our teams has been outright disgraceful. Blowing multiple leads due to poor strategy in the last frame. I feel bad for the athletes. Need accountability
You absolutely should have to forfeit the match if you are unable to play. There should be absolutely no reason to get to half that point if one side can’t play. At least make an alternate be on site @PGA@rydercup@NoLayingUp ruined an all time comeback