Mega-rich Pelosi objected to ‘billionaire tax’ in $1.75T spending bill

Mega-rich Pelosi objected to ‘billionaire tax’ in $1.75T spending bill


House Speaker Nancy Pelosi (D-Calif.) took issue late last month with plans by fellow Democrats to levy a tax on unrealized capital gains to help pay for President Biden’s massive $1.75 trillion social spending bill — reportedly describing it as a publicity stunt.

A senior Democratic aide told The Post that Pelosi’s reservations, which were first reported by the Washington Post, were due to the fact that Senate Finance Committee Chair Ron Wyden (D-Ore.) had not finalized legislation for the billionaire tax by the time the White House was to submit an updated framework for the social spending plan.

Pelosi was one of several House Democrats to take issue with the “billionaire tax”, so called because it is meant to affect around

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