Senator Bernie Sanders sponsored a bill this week that would impose a one-time 60% “windfall” tax on American billionaires to help lower-income Americans struggling during the Coronavirus pandemic.
“We are going to tax Jeff Bezos, Elon Musk, Mark Zuckerberg, and the other billionaires’ outrageous pandemic wealth accumulation so we can provide health care to all our people,” posted Sanders on social media.
We are going to tax Jeff Bezos, Elon Musk, Mark Zuckerberg, and the other billionaires' outrageous pandemic wealth accumulation so we can provide health care to all our people. pic.twitter.com/wKe4zeb8fw
— Bernie Sanders (@SenSanders) August 8, 2020
“At a time of enormous economic pain and suffering, we have a fundamental choice to make,” Sanders said in a statement Thursday.
“We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer. Or we can tax the winnings a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans,” Sanders said.
Read the full report at Fox News.
ADD IT TO THE LIST: Fading Bernie Unveils His $2.5 TRILLION ‘Housing for All’ Plan, Calls for Tax Hikes
Fading Presidential hopeful Bernie Sanders unveiled his “Housing for All” plan Wednesday; calling for $2.5 trillion in new spending to expand government programs for low-income Americans.
“In the richest country in the history of the world, every American must have a safe, decent, accessible, and affordable home as a fundamental right,” writes Sanders. “For more than 40 years, we have had an affordable housing crisis in America that has only gotten worse. In America today, over 18 million families are paying more than 50 percent of their income on housing, while last year alone the five largest banks on Wall Street made a record-breaking $111 billion in profits.”
“If we are serious about addressing the affordable housing crisis, we need to build millions of apartments and homes throughout the country that will remain affordable in perpetuity to prevent displacement and serve future generations. And when we do that, we will create millions of good-paying jobs in the process,” adds Bernie.
The new proposal calls for $1.48 trillion to “build, rehabilitate, and preserve” affordable housing across the United States.
It calls for an additional $400 billion to construct 2 million new “units” and $500 million for “development in rural areas.”
Read Sanders’ full plan here.
AMERICA RESPONDS: AOC Describes Coronavirus Relief Vote as ‘Literally a Hostage Situation’
Congresswoman Alexandria Ocasio-Cortez described Friday’s vote on the Coronavirus relief plan as a “hostage situation,” calling the legislation a gift to America’s biggest corporations and wealthiest residents.
“Each one of us takes this vote alone. This is not an easy position for anyone to take. It’s a tough position, because it’s literally a hostage situation,” said Ocasio-Cortez.
AOC, who is critical of the stimulus, said this when I asked if she was disappointed by Bernie Sanders' position in support: "Each one of us takes this vote alone. This is not an easy position for anyone to take. It’s a tough position, because it's literally a hostage situation”
— Manu Raju (@mkraju) March 27, 2020
Ocasio-Cortez doubled-down on her fierce opposition to the Senate’s bipartisan Coronavirus relief package Friday; calling the legislation “shameful” and “crumbs” for American families.
“Our community’s reality is this country’s future if we don’t do anything. Hospital workers do not have protective equipment. We don’t have the necessary ventilators. We have to go into this vote eyes wide open,” said Rep. Ocasio-Cortez on the House Floor.
.@RepAOC @AOC: "Our community's reality is this country's future if we don't do anything. Hospital workers do not have protective equipment. We don't have the necessary ventilators. We have to go into this vote eyes wide open…" pic.twitter.com/PaFGc9ncKM
— CSPAN (@cspan) March 27, 2020
“Shameful! The greed of that fight is wrong, for crumbs for our families, and the option that we have is to let them suffer with nothing or to allow this greed and billions of dollars which will be leveraged into trillions of dollars!” she screamed.
Watch Rep. Ocasio-Cortez’ comments above.