Democrats race to finalize Biden spending package ahead of Cop26 climate summit – live

Democrats race to finalize Biden spending package ahead of Cop26 climate summit – live

According to a summary of Democrats’ proposed billionaire tax, the policy would impact about 700 taxpayers and raise hundreds of billions of dollars.

“Working Americans like nurses and firefighters pay taxes with every paycheck, while billionaires defer paying taxes for decades, if not indefinitely,” reads the summary, which was released by Democratic Senator Ron Wyden’s office.

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