Logo

Mayor Bill de Blasio plans to unveil a plan he’ll tout as the “most aggressive wealth tax” during Wednesday night’s Democratic debate.

In fact, De Blasio, in his opening statement said, “When I am president, we will even up the score, and we will tax the hell out of the wealthy.”

Hizzoner’s proposal would bring in an additional $1 trillion a year, according to his spokeswoman Jaclyn Rothenberg.

As part of his long-shot presidential bid, de Blasio has tried to pitch himself as a candidate looking out for working people — but he hasn’t been getting much attention.

“There’s plenty of money in this country – it’s just in the wrong hands,” de Blasio has repeated through his quixotic campaign.

His plan would lob a 1% wealth tax on people who have $10 million or more, 2% on those with more than $25 million and 3 percent for folks with more than $100 million.

De Blasio’s plans also adds a “Turncoat Tax” that would punish Americans who try to skip out on taxes by moving assets overseas.

He also wants the country to raise income tax brackets and rates.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy