Today, on Tax Day, U.S. Representative Don Beyer (D-Va.) and U.S. Senator Chris Van Hollen (D-Md.) reintroduced their Millionaires Surtax Act, legislation to address the growing income inequality gap between wealthy and working Americans and raise significant revenue to support everyday families and grow our economy.
Tax the Greedy Billionaires released an interested parties memo endorsed by more than 20 progressive groups calling on lawmakers to go beyond articulating the failures of the Trump administration and offer a real, forward-looking economic agenda to build an economy that actually empowers working families and breaks up extreme concentrations of wealth.
Today, Senator Bernie Sanders is in Los Angeles making a simple case: Billionaires can afford a one-time tax to safeguard California’s healthcare from collapse. Sanders’ speech comes as a group of tech billionaires announced a campaign to counter the California billionaire tax, using their immense wealth to push through ballot initiatives that confuse voters and potentially invalidate the billionaire tax initiative.
The idea of a pro-billionaire march at a time when millions of working people are struggling is so out of touch that it’s almost laughable. But there is nothing funny about the ways in which extreme wealth has corroded every facet of American life.
Last week, the Trump administration acknowledged skyrocketing housing costs and the role billionaire control plays in pricing families out of homes. This comes after the president has tried to downplay affordability issues, revealing that the administration may feel vulnerable ahead of the midterms.
New polling released today by Impact Research and Tax the Greedy Billionaires confirms that taxing billionaires is one of the most unifying and popular policies heading into the 2026 midterms. Roughly three-in-four likely voters in battleground congressional districts and in key states like Michigan and Ohio support raising taxes on billionaires.
The House passed sweeping tax cuts that benefit the ultra-wealthy, sending the bill to President Trump for signing. The bill will add $3.4 trillion to the national debt and stifle economic growth for years to come, while giving the top .01% richest Americans over $390,000 each.
In response to the Senate advancing sweeping tax cuts that benefit the ultra-wealthy, Tax the Greedy Billionaires Campaign Director Igor Volsky issued the following statement: “Once again, the Senate is doing what it does best—serving the ultra-rich while leaving working people behind. This bill isn’t tax reform—it’s a billionaire tax shelter, written by billionaires for billionaires.”
Today, in a new op-ed for “The Guardian,” Gabriel Zucman laid out how the Trump-Musk fight is more than a bad breakup — it’s the embodiment of how unprecedented wealth concentration has eroded our democracy and public institutions. Musk, the world’s richest man, has more power than any one person should have.
The relationship between President Trump and Elon Musk has soured, and their public feud has all eyes focused on the battle of billionaire egos. This fight is a symptom of a deeper problem: Billionaires like Musk have amassed so much wealth that they can distort our politics, economy, and public discourse to benefit themselves.