<\/p>\n
Federal<\/strong><\/h4>\nTax cuts are the hot new idea for Democrats \u2013 NBC News<\/a><\/p>\nDemocratic politicians are increasingly pitching tax cuts to address cost-of-living concerns and appeal to voters ahead of the 2028 races. Sens. Cory Booker (D-NJ) and Chris Van Hollen (D-MD) propose federal income tax exemptions up to $75,000\u2013$92,000 for married couples, while gubernatorial hopefuls like Katie Porter (D-CA) and Keisha Lance Bottoms (D-GA) advocate eliminating state income taxes for lower earners and teachers. The trend has sparked a “wonk revolt” from experts who warn it shrinks the tax base, undermines funding for Democratic priorities like childcare and Medicare, and copies Reagan-era rhetoric on tax issues.<\/p>\n
California<\/strong><\/h4>\nRep. Ro Khanna on the Iran war, wealth tax proposal – CNBC (video at 7:00)<\/a><\/p>\nRep. Ro Khanna (D-CA) discussed California\u2019s wealth tax proposal and about the state\u2019s success long term. Rep. Khanna said he believe that no one will leave the U.S. if a wealth tax was imposed at the federal level, because doing so would make individuals give up their American citizenship. He also discussed his legislation with Sen. Bernie Sanders (I-VT), the\u00a0Make Billionaires Pay Their Fair Share Act<\/a>, and said that after he introduced his bill, billionaires like Bill Ackman and Vinod Khosla came out with alternative plans.<\/p>\nKevin McCarthy on Iran ceasefire, wealth tax and government shutdown – CNBC (video at 7:45)<\/a><\/p>\nFormer Speaker of the House Rep. Kevin McCarthy (R-CA) briefly discussed California\u2019s wealth tax proposal and the perception that some individuals do not pay their fair share of taxes. McCarthy said that taxing the wealthy would not survive and that it has not worked economically in the past. He also posed the question on how to grow the economy while allowing people to keep more of what they earn. He noted tax dollars should be spent better and compared California\u2019s high tax system to Florida\u2019s low tax system, asserting that the public systems in place are not necessarily better in high tax regimes.<\/p>\n
California Can\u2019t Afford the Reckless Gamble of a Billionaire Tax \u2013 Bloomberg Law<\/a><\/p>\nBloomberg\u2019s Tax Insights argue that California\u2019s proposal is a risky and unreliable way to respond to the state\u2019s fiscal issues. It says the tax would create legal and administrative chaos, depend on hard-to-value assets, and likely push wealthy residents out of the state, while failing to provide durable help for health care funding after cuts from the OBBBA.<\/p>\n
The architects of California’s wealth tax idea want to clarify things – SFGate<\/a><\/p>\nThe authors of the California wealth tax proposal are trying to reassure critics that the California\u2019s proposal would not tax founders on more than the fair market value of their actual holdings, even if they have super-voting shares or control rights. Opponents say the measure is vague enough to be interpreted too broadly and could overtax tech founders, discourage innovation, and accelerate wealthy departures from the state, while supporters argue it would apply only to billionaires and help fund health care.<\/p>\n
New York City<\/strong><\/h4>\nNew York City 2026 Poll: Mamdani Posts Positive Approval at 100 Days, but Majority Say NYC on Wrong Track – Emerson Polling<\/a><\/p>\nA new Emerson College Polling\/PIX11 survey of New York City voters found strong support for progressive tax measures to close the city\u2019s budget gap. 55% of respondents said the state should raise taxes on the wealthy, and 65% support a millionaire\u2019s tax, particularly among households earning under $150,000, where support reaches 68%. Only 4% favor raising property taxes by 5%, while 41% prefer better management of city spending. On corporate taxes, a plurality (44%) believe a modest corporate tax increase would not drive companies out of the city.<\/p>\n
For more results on his polling number, please see\u00a0here<\/a>.<\/p>\nJamie Dimon Warns High Taxes Could Push People Out of New York – Business Insider<\/a><\/p>\nJP Morgan CEO Jamie Dimon warned that high taxes in New York and other blue states can push people and businesses to lower-tax places, but he also said Wall Street is not fleeing Manhattan yet. New York office demand seems to remain solid, with vacancies down, rents up, and firms like Bank of America and American Express still expanding there, even as JPMorgan has shifted more jobs to Texas over the past decade.<\/p>\n
Washington<\/strong><\/h4>\nWashington business owners voice concerns over state’s new socialist ‘millionaires tax’: ‘We’re afraid\u2019 \u2013 NY Post<\/a><\/p>\nWashington small-business owners are worried that the millionaires tax will broaden over time and eventually reach regular taxpayers, not just households earning over $1 million. They note concerns that the tax, layered on top of Washington\u2019s other taxes and high labor costs, could reduce investment, accelerate business and employee departures, and worsen the state\u2019s business climate, even as supporters say it will fund school meals, childcare, and tax relief for families and some small businesses.<\/p>\n
Lawsuit filed over WA’s millionaires tax – FOX 13 Seattle<\/a>
Washington\u2019s new 9.9% tax on income above $1 million is facing an immediate legal challenge, with Let\u2019s Go Washington (LGW) suing after its referendum to repeal the law was blocked under the state\u2019s \u201cnecessity clause.\u201d Supporters say the tax will raise more than $3 billion a year for free school meals, childcare, tax credits, and small-business relief, while critics argue it is really a broader income tax that could hit farmers, business owners, and others beyond the wealthy.<\/p>\nWashington “millionaires” income tax faces lawsuit challenging constitutionality – Axios Seattle<\/a><\/p>\nWashington\u2019s new millionaire tax is already facing a constitutional challenge that could block it before it takes effect in 2028. The lawsuit argues that Washington\u2019s constitution requires a uniform tax on property, that past court rulings have treated income as property, and that the law will likely end up before the state Supreme Court.<\/p>\n
Maine<\/strong><\/h4>\nMaine\u2019s Democratic majority pushes through budget with millionaire tax, relief checks \u2013 USA Today<\/a><\/p>\nOn April 8, Maine Democrats gave initial approval to a $227 million budget package that raises the state\u2019s top income tax rate by 2% on incomes over $1 million and sends $300 relief checks to some residents, funded partly by $292 million from the rainy day fund. The plan aims to offset cuts from the OBBBA and support programs like eviction prevention and schools. Republicans and business groups criticized Gov. Mills for reversing her no-new-taxes pledge amid strong revenue numbers.<\/p>\n
Governor Janet Mills Unveils Initial Policy Platform for U.S. Senate – Janet Mills for Maine<\/a><\/p>\nIn Gov. Mills\u2019 policy platform announcement, she\u00a0proposes federal tax reforms to unrig the economy in favor of working families. Her key ideas include a wealth tax on the net worth of top earners, closing tax code loopholes that let the ultra-wealthy pay lower rates than many workers, raising the corporate minimum tax to ensure profitable companies pay their share, rolling back Trump\u2019s OBBBA cuts for the wealthy individuals and corporations.<\/p>\n
Handled well, Maine \u2018millionaire\u2019s tax\u2019 can set a good precedent \u2013 Portland Press Herald<\/a><\/u><\/p>\nThe Portland Press Herald\u2019s Editorial Board discussed Maine’s proposed 2% surtax on incomes over $1 million and how it got Gov. Janet Mills’ endorsement despite her past opposition to tax increases, with supporters calling it a fair way to raise $96 million annually from just 0.4% of taxpayers. A recent poll shows 69% voter approval across party lines, though some worry about potential wealthy flight from the state. The Board urged for transparent tracking of how the revenue is spent to build trust and prove its value.<\/p>\n
Maine business community opposes millionaires\u2019 tax \u2013 Spectrum Local News<\/a><\/p>\nMaine business leaders, including the state and Portland chambers of commerce, are opposing Maine\u2019s proposed millionaire\u2019s tax. They warn it could hit small businesses (especially owners during one-time sales of their businesses), discourage talent attraction and deals, signal an anti-growth direction, and compound economic uncertainty when paired with using $300 million from the rainy day fund for relief checks and other priorities. Democrats defend it as targeted relief for OBBBA cuts, health care, childcare, and low-income Mainers.<\/p>\n
The Democratic Race to the Left – WSJ<\/a><\/p>\nThe Wall Street Journal Editorial Board argues that Gov. Janet Mills (D-ME), once viewed as a moderate Democrat, is shifting left to compete in her Senate primary against the progressive challenger, Graham Platner. Gov. Mills now supports raising Maine\u2019s top income-tax rate on millionaires by two percentage points to 9.15%, the highest in New England. The Board criticizes her reversal from earlier opposition to tax hikes despite strong state revenue growth, suggesting the move is driven by political pressure from Platner, who promotes a wealth tax and Medicare for All.<\/p>\n
Illinois<\/strong><\/h4>\nA \u2018Millionaire\u2019s Tax\u2019 Could Raise Billions in Annual Revenue for Illinois: Study – WTTW<\/a><\/p>\nAn Illinois study says a 3% surtax on residents earning $1 million or more could raise as much as $5 billion a year by 2033, with supporters arguing the money could fully fund public schools and provide property-tax relief. Critics say that the tax could hit some small businesses, may not meaningfully reduce property taxes, and would not help more than spending caps, pension reform, and tighter local tax controls.<\/p>\n
Other<\/strong><\/h4>\nBillionaire fortunes have reached all-time highs under Trump. So has the movement to tax them – The Guardian<\/a><\/p>\nThe Guardian describes a growing movement to tax billionaires across at least 10 states, with California, New York, Washington, and Michigan among the most visible battlegrounds. It highlights activists pushing wealth taxes to fund schools, hospitals, and other social services, and says the effort is gaining momentum alongside Bernie Sanders\u2019s legislation, the \u201cMake Billionaires Pay Their Fair Share Act,\u201d and Mayor Mamdani\u2019s tax-the-rich policy ideas.<\/p>\n
The Red State Tax Revolution vs. the Blue State Exodus – All Things with Kim Strassel – WSJ Podcasts<\/a><\/p>\nIn this WSJ podcast, Kim Strassel and Grover Norquist highlighted the OBBBA, especially permanent lower individual rates, full business expensing, a larger estate-tax exemption, and Trump accounts. Norquist argues that flat-tax and spending-cap reforms in the states are driving competition, while warning that blue states\u2019 tax increases on wealthy individuals often spill onto the middle class and push people and investment away. He also calls for more federal tax reform, including indexing capital gains for inflation, expanding expensing, and cutting the corporate tax rate further to boost growth and investment.<\/p>\n
What is a wealth tax? Here\u2019s what it is, and what it won\u2019t solve \u2013 Americans for Prosperity<\/a><\/p>\nAmericans for Prosperity argues that a wealth tax would not solve the real problem Americans are facing: rising costs driven by government overspending and inflation. It says such a tax would be hard to value and enforce, could hurt small businesses and family assets, and would raise less revenue than supporters expect, while doing little or nothing to reduce the cost of living.<\/p>\n
Growing number of blue states proposing wealth, exit taxes – CBS<\/a><\/p>\nAt least ten blue states are considering or have adopted wealth or exit taxes as they try to offset revenue losses from residents and businesses moving to lower-tax states. Highlighting proposals from California, Washington\u2019s and ongoing concerns in New York, the article discusses migration data showing California and New York losing tax revenue and population as Florida and Texas gain.<\/p>\n
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This week\u2019s developments show wealth-tax and \u201cmillionaires tax\u201d proposals gaining traction across both federal and state politics, with debates spanning Democratic tax policy at the national level and active fights in California, Washington, Maine, Illinois, and New York over how aggressively to tax top earners.\u00a0Overall, the landscape is becoming more contested, as ballot campaigns, polling, […]<\/p>\n","protected":false},"author":2,"featured_media":16942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,51,92,115],"tags":[],"class_list":["post-16940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-family-business-survey","category-multi-generational-business","category-wealth-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16940"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions"}],"predecessor-version":[{"id":16953,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions\/16953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/16942"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Democratic politicians are increasingly pitching tax cuts to address cost-of-living concerns and appeal to voters ahead of the 2028 races. Sens. Cory Booker (D-NJ) and Chris Van Hollen (D-MD) propose federal income tax exemptions up to $75,000\u2013$92,000 for married couples, while gubernatorial hopefuls like Katie Porter (D-CA) and Keisha Lance Bottoms (D-GA) advocate eliminating state income taxes for lower earners and teachers. The trend has sparked a “wonk revolt” from experts who warn it shrinks the tax base, undermines funding for Democratic priorities like childcare and Medicare, and copies Reagan-era rhetoric on tax issues.<\/p>\n
California<\/strong><\/h4>\nRep. Ro Khanna on the Iran war, wealth tax proposal – CNBC (video at 7:00)<\/a><\/p>\nRep. Ro Khanna (D-CA) discussed California\u2019s wealth tax proposal and about the state\u2019s success long term. Rep. Khanna said he believe that no one will leave the U.S. if a wealth tax was imposed at the federal level, because doing so would make individuals give up their American citizenship. He also discussed his legislation with Sen. Bernie Sanders (I-VT), the\u00a0Make Billionaires Pay Their Fair Share Act<\/a>, and said that after he introduced his bill, billionaires like Bill Ackman and Vinod Khosla came out with alternative plans.<\/p>\nKevin McCarthy on Iran ceasefire, wealth tax and government shutdown – CNBC (video at 7:45)<\/a><\/p>\nFormer Speaker of the House Rep. Kevin McCarthy (R-CA) briefly discussed California\u2019s wealth tax proposal and the perception that some individuals do not pay their fair share of taxes. McCarthy said that taxing the wealthy would not survive and that it has not worked economically in the past. He also posed the question on how to grow the economy while allowing people to keep more of what they earn. He noted tax dollars should be spent better and compared California\u2019s high tax system to Florida\u2019s low tax system, asserting that the public systems in place are not necessarily better in high tax regimes.<\/p>\n
California Can\u2019t Afford the Reckless Gamble of a Billionaire Tax \u2013 Bloomberg Law<\/a><\/p>\nBloomberg\u2019s Tax Insights argue that California\u2019s proposal is a risky and unreliable way to respond to the state\u2019s fiscal issues. It says the tax would create legal and administrative chaos, depend on hard-to-value assets, and likely push wealthy residents out of the state, while failing to provide durable help for health care funding after cuts from the OBBBA.<\/p>\n
The architects of California’s wealth tax idea want to clarify things – SFGate<\/a><\/p>\nThe authors of the California wealth tax proposal are trying to reassure critics that the California\u2019s proposal would not tax founders on more than the fair market value of their actual holdings, even if they have super-voting shares or control rights. Opponents say the measure is vague enough to be interpreted too broadly and could overtax tech founders, discourage innovation, and accelerate wealthy departures from the state, while supporters argue it would apply only to billionaires and help fund health care.<\/p>\n
New York City<\/strong><\/h4>\nNew York City 2026 Poll: Mamdani Posts Positive Approval at 100 Days, but Majority Say NYC on Wrong Track – Emerson Polling<\/a><\/p>\nA new Emerson College Polling\/PIX11 survey of New York City voters found strong support for progressive tax measures to close the city\u2019s budget gap. 55% of respondents said the state should raise taxes on the wealthy, and 65% support a millionaire\u2019s tax, particularly among households earning under $150,000, where support reaches 68%. Only 4% favor raising property taxes by 5%, while 41% prefer better management of city spending. On corporate taxes, a plurality (44%) believe a modest corporate tax increase would not drive companies out of the city.<\/p>\n
For more results on his polling number, please see\u00a0here<\/a>.<\/p>\nJamie Dimon Warns High Taxes Could Push People Out of New York – Business Insider<\/a><\/p>\nJP Morgan CEO Jamie Dimon warned that high taxes in New York and other blue states can push people and businesses to lower-tax places, but he also said Wall Street is not fleeing Manhattan yet. New York office demand seems to remain solid, with vacancies down, rents up, and firms like Bank of America and American Express still expanding there, even as JPMorgan has shifted more jobs to Texas over the past decade.<\/p>\n
Washington<\/strong><\/h4>\nWashington business owners voice concerns over state’s new socialist ‘millionaires tax’: ‘We’re afraid\u2019 \u2013 NY Post<\/a><\/p>\nWashington small-business owners are worried that the millionaires tax will broaden over time and eventually reach regular taxpayers, not just households earning over $1 million. They note concerns that the tax, layered on top of Washington\u2019s other taxes and high labor costs, could reduce investment, accelerate business and employee departures, and worsen the state\u2019s business climate, even as supporters say it will fund school meals, childcare, and tax relief for families and some small businesses.<\/p>\n
Lawsuit filed over WA’s millionaires tax – FOX 13 Seattle<\/a>
Washington\u2019s new 9.9% tax on income above $1 million is facing an immediate legal challenge, with Let\u2019s Go Washington (LGW) suing after its referendum to repeal the law was blocked under the state\u2019s \u201cnecessity clause.\u201d Supporters say the tax will raise more than $3 billion a year for free school meals, childcare, tax credits, and small-business relief, while critics argue it is really a broader income tax that could hit farmers, business owners, and others beyond the wealthy.<\/p>\nWashington “millionaires” income tax faces lawsuit challenging constitutionality – Axios Seattle<\/a><\/p>\nWashington\u2019s new millionaire tax is already facing a constitutional challenge that could block it before it takes effect in 2028. The lawsuit argues that Washington\u2019s constitution requires a uniform tax on property, that past court rulings have treated income as property, and that the law will likely end up before the state Supreme Court.<\/p>\n
Maine<\/strong><\/h4>\nMaine\u2019s Democratic majority pushes through budget with millionaire tax, relief checks \u2013 USA Today<\/a><\/p>\nOn April 8, Maine Democrats gave initial approval to a $227 million budget package that raises the state\u2019s top income tax rate by 2% on incomes over $1 million and sends $300 relief checks to some residents, funded partly by $292 million from the rainy day fund. The plan aims to offset cuts from the OBBBA and support programs like eviction prevention and schools. Republicans and business groups criticized Gov. Mills for reversing her no-new-taxes pledge amid strong revenue numbers.<\/p>\n
Governor Janet Mills Unveils Initial Policy Platform for U.S. Senate – Janet Mills for Maine<\/a><\/p>\nIn Gov. Mills\u2019 policy platform announcement, she\u00a0proposes federal tax reforms to unrig the economy in favor of working families. Her key ideas include a wealth tax on the net worth of top earners, closing tax code loopholes that let the ultra-wealthy pay lower rates than many workers, raising the corporate minimum tax to ensure profitable companies pay their share, rolling back Trump\u2019s OBBBA cuts for the wealthy individuals and corporations.<\/p>\n
Handled well, Maine \u2018millionaire\u2019s tax\u2019 can set a good precedent \u2013 Portland Press Herald<\/a><\/u><\/p>\nThe Portland Press Herald\u2019s Editorial Board discussed Maine’s proposed 2% surtax on incomes over $1 million and how it got Gov. Janet Mills’ endorsement despite her past opposition to tax increases, with supporters calling it a fair way to raise $96 million annually from just 0.4% of taxpayers. A recent poll shows 69% voter approval across party lines, though some worry about potential wealthy flight from the state. The Board urged for transparent tracking of how the revenue is spent to build trust and prove its value.<\/p>\n
Maine business community opposes millionaires\u2019 tax \u2013 Spectrum Local News<\/a><\/p>\nMaine business leaders, including the state and Portland chambers of commerce, are opposing Maine\u2019s proposed millionaire\u2019s tax. They warn it could hit small businesses (especially owners during one-time sales of their businesses), discourage talent attraction and deals, signal an anti-growth direction, and compound economic uncertainty when paired with using $300 million from the rainy day fund for relief checks and other priorities. Democrats defend it as targeted relief for OBBBA cuts, health care, childcare, and low-income Mainers.<\/p>\n
The Democratic Race to the Left – WSJ<\/a><\/p>\nThe Wall Street Journal Editorial Board argues that Gov. Janet Mills (D-ME), once viewed as a moderate Democrat, is shifting left to compete in her Senate primary against the progressive challenger, Graham Platner. Gov. Mills now supports raising Maine\u2019s top income-tax rate on millionaires by two percentage points to 9.15%, the highest in New England. The Board criticizes her reversal from earlier opposition to tax hikes despite strong state revenue growth, suggesting the move is driven by political pressure from Platner, who promotes a wealth tax and Medicare for All.<\/p>\n
Illinois<\/strong><\/h4>\nA \u2018Millionaire\u2019s Tax\u2019 Could Raise Billions in Annual Revenue for Illinois: Study – WTTW<\/a><\/p>\nAn Illinois study says a 3% surtax on residents earning $1 million or more could raise as much as $5 billion a year by 2033, with supporters arguing the money could fully fund public schools and provide property-tax relief. Critics say that the tax could hit some small businesses, may not meaningfully reduce property taxes, and would not help more than spending caps, pension reform, and tighter local tax controls.<\/p>\n
Other<\/strong><\/h4>\nBillionaire fortunes have reached all-time highs under Trump. So has the movement to tax them – The Guardian<\/a><\/p>\nThe Guardian describes a growing movement to tax billionaires across at least 10 states, with California, New York, Washington, and Michigan among the most visible battlegrounds. It highlights activists pushing wealth taxes to fund schools, hospitals, and other social services, and says the effort is gaining momentum alongside Bernie Sanders\u2019s legislation, the \u201cMake Billionaires Pay Their Fair Share Act,\u201d and Mayor Mamdani\u2019s tax-the-rich policy ideas.<\/p>\n
The Red State Tax Revolution vs. the Blue State Exodus – All Things with Kim Strassel – WSJ Podcasts<\/a><\/p>\nIn this WSJ podcast, Kim Strassel and Grover Norquist highlighted the OBBBA, especially permanent lower individual rates, full business expensing, a larger estate-tax exemption, and Trump accounts. Norquist argues that flat-tax and spending-cap reforms in the states are driving competition, while warning that blue states\u2019 tax increases on wealthy individuals often spill onto the middle class and push people and investment away. He also calls for more federal tax reform, including indexing capital gains for inflation, expanding expensing, and cutting the corporate tax rate further to boost growth and investment.<\/p>\n
What is a wealth tax? Here\u2019s what it is, and what it won\u2019t solve \u2013 Americans for Prosperity<\/a><\/p>\nAmericans for Prosperity argues that a wealth tax would not solve the real problem Americans are facing: rising costs driven by government overspending and inflation. It says such a tax would be hard to value and enforce, could hurt small businesses and family assets, and would raise less revenue than supporters expect, while doing little or nothing to reduce the cost of living.<\/p>\n
Growing number of blue states proposing wealth, exit taxes – CBS<\/a><\/p>\nAt least ten blue states are considering or have adopted wealth or exit taxes as they try to offset revenue losses from residents and businesses moving to lower-tax states. Highlighting proposals from California, Washington\u2019s and ongoing concerns in New York, the article discusses migration data showing California and New York losing tax revenue and population as Florida and Texas gain.<\/p>\n
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The need for fact-based reporting of issues important to family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n[\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” disabled_on=”on|on|on” _builder_version=”4.27.4″ _module_preset=”default” disabled=”on” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider disabled_on=”on|on|on” admin_label=”Video Slider Family Business Stories 2″ _builder_version=”4.27.4″ _module_preset=”default” disabled=”on” global_module=”6670″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=y9VszpRjVDM” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=03T2VODneEg” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fHIxWaTwK64″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=TI7P07GbNdU&t=27s” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n
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This week\u2019s developments show wealth-tax and \u201cmillionaires tax\u201d proposals gaining traction across both federal and state politics, with debates spanning Democratic tax policy at the national level and active fights in California, Washington, Maine, Illinois, and New York over how aggressively to tax top earners.\u00a0Overall, the landscape is becoming more contested, as ballot campaigns, polling, […]<\/p>\n","protected":false},"author":2,"featured_media":16942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,51,92,115],"tags":[],"class_list":["post-16940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-family-business-survey","category-multi-generational-business","category-wealth-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16940"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions"}],"predecessor-version":[{"id":16953,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions\/16953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/16942"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Rep. Ro Khanna (D-CA) discussed California\u2019s wealth tax proposal and about the state\u2019s success long term. Rep. Khanna said he believe that no one will leave the U.S. if a wealth tax was imposed at the federal level, because doing so would make individuals give up their American citizenship. He also discussed his legislation with Sen. Bernie Sanders (I-VT), the\u00a0Make Billionaires Pay Their Fair Share Act<\/a>, and said that after he introduced his bill, billionaires like Bill Ackman and Vinod Khosla came out with alternative plans.<\/p>\n Kevin McCarthy on Iran ceasefire, wealth tax and government shutdown – CNBC (video at 7:45)<\/a><\/p>\n Former Speaker of the House Rep. Kevin McCarthy (R-CA) briefly discussed California\u2019s wealth tax proposal and the perception that some individuals do not pay their fair share of taxes. McCarthy said that taxing the wealthy would not survive and that it has not worked economically in the past. He also posed the question on how to grow the economy while allowing people to keep more of what they earn. He noted tax dollars should be spent better and compared California\u2019s high tax system to Florida\u2019s low tax system, asserting that the public systems in place are not necessarily better in high tax regimes.<\/p>\n California Can\u2019t Afford the Reckless Gamble of a Billionaire Tax \u2013 Bloomberg Law<\/a><\/p>\n Bloomberg\u2019s Tax Insights argue that California\u2019s proposal is a risky and unreliable way to respond to the state\u2019s fiscal issues. It says the tax would create legal and administrative chaos, depend on hard-to-value assets, and likely push wealthy residents out of the state, while failing to provide durable help for health care funding after cuts from the OBBBA.<\/p>\n The architects of California’s wealth tax idea want to clarify things – SFGate<\/a><\/p>\n The authors of the California wealth tax proposal are trying to reassure critics that the California\u2019s proposal would not tax founders on more than the fair market value of their actual holdings, even if they have super-voting shares or control rights. Opponents say the measure is vague enough to be interpreted too broadly and could overtax tech founders, discourage innovation, and accelerate wealthy departures from the state, while supporters argue it would apply only to billionaires and help fund health care.<\/p>\n New York City 2026 Poll: Mamdani Posts Positive Approval at 100 Days, but Majority Say NYC on Wrong Track – Emerson Polling<\/a><\/p>\n A new Emerson College Polling\/PIX11 survey of New York City voters found strong support for progressive tax measures to close the city\u2019s budget gap. 55% of respondents said the state should raise taxes on the wealthy, and 65% support a millionaire\u2019s tax, particularly among households earning under $150,000, where support reaches 68%. Only 4% favor raising property taxes by 5%, while 41% prefer better management of city spending. On corporate taxes, a plurality (44%) believe a modest corporate tax increase would not drive companies out of the city.<\/p>\n For more results on his polling number, please see\u00a0here<\/a>.<\/p>\n Jamie Dimon Warns High Taxes Could Push People Out of New York – Business Insider<\/a><\/p>\n JP Morgan CEO Jamie Dimon warned that high taxes in New York and other blue states can push people and businesses to lower-tax places, but he also said Wall Street is not fleeing Manhattan yet. New York office demand seems to remain solid, with vacancies down, rents up, and firms like Bank of America and American Express still expanding there, even as JPMorgan has shifted more jobs to Texas over the past decade.<\/p>\n Washington business owners voice concerns over state’s new socialist ‘millionaires tax’: ‘We’re afraid\u2019 \u2013 NY Post<\/a><\/p>\n Washington small-business owners are worried that the millionaires tax will broaden over time and eventually reach regular taxpayers, not just households earning over $1 million. They note concerns that the tax, layered on top of Washington\u2019s other taxes and high labor costs, could reduce investment, accelerate business and employee departures, and worsen the state\u2019s business climate, even as supporters say it will fund school meals, childcare, and tax relief for families and some small businesses.<\/p>\n Lawsuit filed over WA’s millionaires tax – FOX 13 Seattle<\/a> Washington “millionaires” income tax faces lawsuit challenging constitutionality – Axios Seattle<\/a><\/p>\n Washington\u2019s new millionaire tax is already facing a constitutional challenge that could block it before it takes effect in 2028. The lawsuit argues that Washington\u2019s constitution requires a uniform tax on property, that past court rulings have treated income as property, and that the law will likely end up before the state Supreme Court.<\/p>\n Maine\u2019s Democratic majority pushes through budget with millionaire tax, relief checks \u2013 USA Today<\/a><\/p>\n On April 8, Maine Democrats gave initial approval to a $227 million budget package that raises the state\u2019s top income tax rate by 2% on incomes over $1 million and sends $300 relief checks to some residents, funded partly by $292 million from the rainy day fund. The plan aims to offset cuts from the OBBBA and support programs like eviction prevention and schools. Republicans and business groups criticized Gov. Mills for reversing her no-new-taxes pledge amid strong revenue numbers.<\/p>\n Governor Janet Mills Unveils Initial Policy Platform for U.S. Senate – Janet Mills for Maine<\/a><\/p>\n In Gov. Mills\u2019 policy platform announcement, she\u00a0proposes federal tax reforms to unrig the economy in favor of working families. Her key ideas include a wealth tax on the net worth of top earners, closing tax code loopholes that let the ultra-wealthy pay lower rates than many workers, raising the corporate minimum tax to ensure profitable companies pay their share, rolling back Trump\u2019s OBBBA cuts for the wealthy individuals and corporations.<\/p>\n Handled well, Maine \u2018millionaire\u2019s tax\u2019 can set a good precedent \u2013 Portland Press Herald<\/a><\/u><\/p>\n The Portland Press Herald\u2019s Editorial Board discussed Maine’s proposed 2% surtax on incomes over $1 million and how it got Gov. Janet Mills’ endorsement despite her past opposition to tax increases, with supporters calling it a fair way to raise $96 million annually from just 0.4% of taxpayers. A recent poll shows 69% voter approval across party lines, though some worry about potential wealthy flight from the state. The Board urged for transparent tracking of how the revenue is spent to build trust and prove its value.<\/p>\n Maine business community opposes millionaires\u2019 tax \u2013 Spectrum Local News<\/a><\/p>\n Maine business leaders, including the state and Portland chambers of commerce, are opposing Maine\u2019s proposed millionaire\u2019s tax. They warn it could hit small businesses (especially owners during one-time sales of their businesses), discourage talent attraction and deals, signal an anti-growth direction, and compound economic uncertainty when paired with using $300 million from the rainy day fund for relief checks and other priorities. Democrats defend it as targeted relief for OBBBA cuts, health care, childcare, and low-income Mainers.<\/p>\n The Democratic Race to the Left – WSJ<\/a><\/p>\n The Wall Street Journal Editorial Board argues that Gov. Janet Mills (D-ME), once viewed as a moderate Democrat, is shifting left to compete in her Senate primary against the progressive challenger, Graham Platner. Gov. Mills now supports raising Maine\u2019s top income-tax rate on millionaires by two percentage points to 9.15%, the highest in New England. The Board criticizes her reversal from earlier opposition to tax hikes despite strong state revenue growth, suggesting the move is driven by political pressure from Platner, who promotes a wealth tax and Medicare for All.<\/p>\n A \u2018Millionaire\u2019s Tax\u2019 Could Raise Billions in Annual Revenue for Illinois: Study – WTTW<\/a><\/p>\n An Illinois study says a 3% surtax on residents earning $1 million or more could raise as much as $5 billion a year by 2033, with supporters arguing the money could fully fund public schools and provide property-tax relief. Critics say that the tax could hit some small businesses, may not meaningfully reduce property taxes, and would not help more than spending caps, pension reform, and tighter local tax controls.<\/p>\n Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them – The Guardian<\/a><\/p>\n The Guardian describes a growing movement to tax billionaires across at least 10 states, with California, New York, Washington, and Michigan among the most visible battlegrounds. It highlights activists pushing wealth taxes to fund schools, hospitals, and other social services, and says the effort is gaining momentum alongside Bernie Sanders\u2019s legislation, the \u201cMake Billionaires Pay Their Fair Share Act,\u201d and Mayor Mamdani\u2019s tax-the-rich policy ideas.<\/p>\n The Red State Tax Revolution vs. the Blue State Exodus – All Things with Kim Strassel – WSJ Podcasts<\/a><\/p>\n In this WSJ podcast, Kim Strassel and Grover Norquist highlighted the OBBBA, especially permanent lower individual rates, full business expensing, a larger estate-tax exemption, and Trump accounts. Norquist argues that flat-tax and spending-cap reforms in the states are driving competition, while warning that blue states\u2019 tax increases on wealthy individuals often spill onto the middle class and push people and investment away. He also calls for more federal tax reform, including indexing capital gains for inflation, expanding expensing, and cutting the corporate tax rate further to boost growth and investment.<\/p>\n What is a wealth tax? Here\u2019s what it is, and what it won\u2019t solve \u2013 Americans for Prosperity<\/a><\/p>\n Americans for Prosperity argues that a wealth tax would not solve the real problem Americans are facing: rising costs driven by government overspending and inflation. It says such a tax would be hard to value and enforce, could hurt small businesses and family assets, and would raise less revenue than supporters expect, while doing little or nothing to reduce the cost of living.<\/p>\n Growing number of blue states proposing wealth, exit taxes – CBS<\/a><\/p>\n At least ten blue states are considering or have adopted wealth or exit taxes as they try to offset revenue losses from residents and businesses moving to lower-tax states. Highlighting proposals from California, Washington\u2019s and ongoing concerns in New York, the article discusses migration data showing California and New York losing tax revenue and population as Florida and Texas gain.<\/p>\n [\/et_pb_text][et_pb_cta title=”Want to learn more?” button_url=”https:\/\/familyenterpriseusa.com\/polling-and-research\/state-wealth-tax-tracker\/” button_text=”Visit our State Wealth Tax Tracker – Click Here ” _builder_version=”4.27.5″ _module_preset=”default” background_color=”#fc2f36″ custom_padding=”13px||18px|||” global_colors_info=”{}”][\/et_pb_cta][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Brownstein Hyatt Farber Schreck Logo & About” _builder_version=”4.22.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.bhfs.com\/” link_option_url_new_window=”on” border_color_all=”#FFFFFF” border_style_all=”none” global_module=”6751″ global_colors_info=”{}”]<\/p>\n About Brownstein Hyatt Farber Schreck [\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\n As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n The need for fact-based reporting of issues important to family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned businesses<\/a> built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” disabled_on=”on|on|on” _builder_version=”4.27.4″ _module_preset=”default” disabled=”on” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider disabled_on=”on|on|on” admin_label=”Video Slider Family Business Stories 2″ _builder_version=”4.27.4″ _module_preset=”default” disabled=”on” global_module=”6670″ global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=y9VszpRjVDM” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=03T2VODneEg” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fHIxWaTwK64″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=TI7P07GbNdU&t=27s” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n Family Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n [\/et_pb_text][et_pb_text disabled_on=”off|off|off” admin_label=”Hash tags & Tags” _builder_version=”4.27.4″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n #incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #StepUpinBasis #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #incometaxrates #repealestatetax #AdvocatingForFamilyBusinesses #FamilyOwnedBusiness #WomenOwnedBusiness @FamilyEnterpriseUSA #FamilyEnterpriseUSA #FEUSA<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" This week\u2019s developments show wealth-tax and \u201cmillionaires tax\u201d proposals gaining traction across both federal and state politics, with debates spanning Democratic tax policy at the national level and active fights in California, Washington, Maine, Illinois, and New York over how aggressively to tax top earners.\u00a0Overall, the landscape is becoming more contested, as ballot campaigns, polling, […]<\/p>\n","protected":false},"author":2,"featured_media":16942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,51,92,115],"tags":[],"class_list":["post-16940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-family-business-survey","category-multi-generational-business","category-wealth-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16940"}],"version-history":[{"count":4,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions"}],"predecessor-version":[{"id":16953,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/16940\/revisions\/16953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/16942"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}New York City<\/strong><\/h4>\n
Washington<\/strong><\/h4>\n
Washington\u2019s new 9.9% tax on income above $1 million is facing an immediate legal challenge, with Let\u2019s Go Washington (LGW) suing after its referendum to repeal the law was blocked under the state\u2019s \u201cnecessity clause.\u201d Supporters say the tax will raise more than $3 billion a year for free school meals, childcare, tax credits, and small-business relief, while critics argue it is really a broader income tax that could hit farmers, business owners, and others beyond the wealthy.<\/p>\nMaine<\/strong><\/h4>\n
Illinois<\/strong><\/h4>\n
Other<\/strong><\/h4>\n
<\/p>\n
<\/strong>Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you\u2019ll immediately recognize a different type of energy. Complacency doesn\u2019t have a place here. Flexibility and inspiration do.\u00a0Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients\u2019 needs and provide them with the resources they require to meet their business objectives.<\/p>\nWe hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
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