Home » Sanders and Omar lead congressional push for Global Wealth Tax as Biden faces crucial decision

Sanders and Omar lead congressional push for Global Wealth Tax as Biden faces crucial decision

Sanders and Omar lead congressional push for Global Wealth Tax as Biden faces crucial decision  NationofChange

Image Credit: Ilhan Omar/omar.house.gov
U.S. Sen. Bernie Sanders and Rep. Ilhan Omar have taken a decisive step in urging President Joe Biden and Treasury Secretary Janet Yellen to support a groundbreaking initiative at the G20 to foster international cooperation on taxing ultra-wealthy individuals. This initiative, led by Brazil, aims to address the glaring disparities in global wealth distribution and strengthen efforts to achieve tax fairness.

On Tuesday, Sanders (I-Vt.) and Omar (D-Minn.), along with 16 other Democrats in Congress, sent a letter to Biden and Yellen emphasizing the importance of this initiative. They highlighted the significant opportunity for the United States to lead on global tax fairness while also bolstering domestic efforts to create a more equitable tax system.