Democrats in Congress recently debated including a "Billionaire Tax" in their sweeping social package, which would apply to just 700 people and tax unrealized capital gains for the first time in the history of the U.S. tax code.
Ultimately, they scrapped this idea after Sen. Joe Manchin (D-WV) said he didn't think it was workable. But just before doing so, former President Donald Trump released a statement trashing the proposal.
On Thursday, writing for The Daily Beast, correspondent Jamie Ross slammed Trump as "the latest whiny billionaire" to "freak out" over actually having to pay the proportion of his wealth in taxes that most Americans do.
"Donald Trump — who is still believed to be a billionaire despite tumbling off the Forbes rich list this year — sounds upset about Democrats' proposals to tax America's most stupidly rich people," wrote Ross. "In a statement on the so-called Billionaires Income Tax plan put forward by Sen. Ron Wyden (D-OR), Trump even mulled whether he should flee the United States — before saying that he will bravely stay in place."
President Joe Biden is currently rushing to get all the wings of his party in Congress on board with a broad framework that will let them move forward and pass the bipartisan infrastructure bill, that is still waiting for a vote in the House.