Tax the Rich for Healthcare and Schools!
Working Vermonters are struggling to pay for basic needs, especially healthcare and decent schools. Meanwhile, the wealthiest Vermonters are getting richer as they reap the windfall from Trump’s tax cuts. This state of affairs cannot continue.
The wealthiest Vermont residents must pay their fair share of taxes so that working Vermonters can continue to afford to live in this state – and not just live, but truly prosper.
Amend the Miscellaneous Tax Bill to add the following:
A wealth proceeds tax of 4% that starts at $310,000 for single filers and $350,000 for joint filers;
A new 2% surcharge on all income over $310,000 (top 5% of income earners);
A new 5% surcharge on all income over $586,000 (top 1% of income earners);
Revenue from the income and wealth taxes should go toward funding the implementation of Act 48 – finally realizing universal healthcare for all Vermonters – and creating a school construction fund.
It’s time for politicians in Vermont to stand up for the working class – amend the miscellaneous tax bill for healthcare and schools!