Sen. Warren Introduces Ultra-Millionaire Tax Act With Reps. Jayapal And Boyle

WASHINGTON, DC - MARCH 01: Sen. Elizabeth Warren (D-MA) holds a news conference to announce legislation that would tax the net worth of America's wealthiest individuals at the U.S. Capitol on March 01, 2021 in Washington, DC. Citing growing inequalities during the coronavirus pandemic, Warren, Rep. Pramila Jayapal (D-WA) and Rep. Brendan Boyle (D-PA) introduced the bill that would apply a two-percent tax on people worth more than $50 million and an additional one-percent surcharge for net worth above $1 billion. (Photo by Chip Somodevilla/Getty Images)