Today, U.S. Senator Chris Van Hollen (D-Md.) and Congressman Don Beyer (D-Va.) introduced a new tax proposal to help close the gap between the wealthy and everyone else, and raise significant revenue to make new investments that will grow the economy and protect working families.
Their “Millionaires Surtax” would apply an additional 10-percentage point tax to incomes above $2 million for… Read more »
Taxing The Top
BY BERNIE BECKER - 11/07/2019
A proposal Sen. Chris Van Hollen (D-Md.) and House Ways and Means member Don Beyer (D-Va.) are expected to unveil this morning would generate an estimated $635 billion in revenue over a decade, according to the Tax Policy Center, by tacking a 10 percentage-point surtax on all income exceeding… Read more »
Two Democrats come up with a new plan to tax income over $2 million
BY YLAN MUI - 11/07/2019
Democrats are finding new ways to go after the wealthy.
On Thursday, Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia, both Democrats, released a plan for a new surtax on income over $2 million.
“The millionaires surtax is a sensible plan to restore fairness… Read more »
Democrats unveil proposal for 'millionaires surtax'
BY NAOMI JAGODA - 11/07/2019
Rep. Don Beyer (D-Va.) and Sen. Chris Van Hollen (D-Md.) on Thursday rolled out a proposal for a “millionaires surtax,” amid a growing interest from Democrats in increasing taxes on the wealthy.
“This is a bill designed to address two major problems of public policy: the lack… Read more »
Rep. Don Beyer (VA-08) released the following statement after the House Committee on Ways and Means passed H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act, earlier this week:
“When the American people elected Democrats to lead the House of Representatives, we promised to lower the cost of health care and prescription drugs. This week, we made critical progress to make good on… Read more »
U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA), along with U.S. Reps. Morgan Griffith (R-VA), Don Beyer (D-VA), Ben Cline (R-VA), Elaine Luria (D-VA), Denver Riggleman (R-VA), and Abigail Spanberger (D-VA) today secured Virginia’s inclusion in a pilot program by AgriLogic Consulting, a private company developing a Federal Yield-Based Industrial Hemp Crop Insurance Program on behalf… Read more »
Today, New Democrat Coalition (NDC) Chair Derek Kilmer, NDC Vice Chair Scott Peters, and the NDC Climate Change Task Force, led by Task Force Co-Chairs Reps. Don Beyer, Sean Casten, Elaine Luria, and Susan Wild, released policy principles to combat climate change with the seriousness and urgency this crisis demands. In doing so, the NDC Climate Change Task Force seeks to address the… Read more »
Today, U.S. Representative Don Beyer (VA-08) issued the following statement on his vote for H.R. 582, the “Raise the Wage Act,” which would gradually raise the federal minimum wage to $15 by 2025:
“For decades, Americans earning the minimum wage have watched the monetary value of their 40-hour work week plummet. Today’s single mom with two kids earning the federal minimum wage falls… Read more »
Yesterday, Rep. Don Beyer (D-VA) introduced the Pre-apprenticeship Promotion Act. The bill would help strengthen the Health Profession Opportunity Grants (HPOG) program by ensuring pre-apprenticeships and apprenticeships are considered in the training process. The bill aims to make HPOG more responsive to local workforce needs, while opening additional health care industry opportunities… Read more »
Fiscal Times |
At a hearing focused on the state and local tax deduction Tuesday, the “familiar politics of taxation—in which Democrats push to raise taxes on high-income people and Republicans resist—turned topsy-turvy,” writesRichard Rubin of The Wall Street Journal.
During debate in a House Ways and Means subcommittee, Democrats argued that the cap on the SALT deduction… Read more »
