Democrats Revive Wealth Tax Push After Midterm Wins
5th November 2026
Democrats are reviving proposals to tax wealthy Americans after winning control of Congress, setting up a potential confrontation with President Donald Trump over how to finance their affordability agenda.
Federal wealth taxes, surtaxes on millionaires, and higher taxes on stock buybacks are among the proposals gaining attention as Democrats prepare to take charge of both chambers, Politico reported on Thursday.
The Party of Tax and Spend is hard at work … taxing and spending.