Senator Warren and other progressive lawmakers want “millionaire” tax
In a bid to get more tax from wealthy and firms, some senators are proposing a wage hike. Though there is some resistance among lawmakers, they insist it is the best for everyone. Senators propose tax for wealthy people Senator Elizabeth Warren has joined other lawmakers and the US House like Pramila Jayapal and Branda Boyle to propose a tax on households worth more than $60 million. The progressive lawmakers said on Tuesday that the tax dubbed' Ultra-Millionaire tax act' is to put everyone on the same economic pedestal. This is in line with the 3% annual tax on homes and trust valued between & +$60 billion and $1 billion. However, for all households worth over $1 billion, they will be taxed 4%. This lawmakers group says the proposal would give the US economy $4 trillion in revenue...
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Senator Warren and other progressive lawmakers want “millionaire” tax
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Former French president jailed on corruption charges
In a historic milestone, a former French president has been jailed. Mr. Sarkozy was found guilty of corruption charges. Ex-president of France given three years jail Nicholas Sarkozy, who was a former French leader, has been sentenced to three years on corruption charges. His conviction was linked to a bribing allegation of a judge in 2014. He was said to have bribed the official with a promise of getting him a job for sensitive information. Mr. Sarkozy remains the only French president to get a prison sentence. Legal counsel to the ex-president says that they were going to appeal the...
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