Another liberal not understanding laws being proposed. Orange man tweets badly. Me vote DemocratRight wingers always post incorrect crap. My understanding is this increase will only impact billionaires. Too often these people don't have earned income or report very little to avoid paying taxes. Americans with $1 billion in wealth or those earning $100 million annually for 3 consecutive years could face a yearly tax on asset growth such as stocks and bonds, regardless of when they sell. There are roughly 700 billionaires in the US. Also the proposed bill is $1.75 trillion not $2 - 3 trillion as someone incorrectly posted.
Right wingers didn't have a problem in approving Trump's tax cut which benefitted the rich and corporations and was not paid for.