Birdwatch Note Rating
2023-12-03 00:20:54 UTC - HELPFUL
Rated by Participant: 320B0D51625DAF63888E6312943FB6DBB883F127AF7824EF9EAE9B9DCE3D16A1
Participant Details
Original Note:
$44 Billion a year is 2.5% of the $1.7 Trillion deficit and less than 1% of $6T in total federal spending https://bipartisanpolicy.org/report/deficit-tracker/ Taxing unrealized capital gains on the wealthy would be messy and would not be like everyone else And it targets $100 millionaires, not just billionaires https://taxfoundation.org/blog/biden-billionaire-tax-unrealized-capital-gains/
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