CNBC: Democrats target wealth again, this time with a plan to tax income over $2 million

By Ylan Mui

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 to the tax code, fight the rise of inequality, and fund important priorities for the American people,” Beyer said in a statement.

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