In a recent press conference, former President Donald Trump defended his past business dealings with Manhattan District Attorney Cyrus Vance Jr., asserting that they are “solid rocks” and not “weird” as some have suggested. Trump’s comments come as Vice President Kamala Harris introduces a proposal for a “billionaire minimum tax.”
Trump and Vance have been at odds in the past, with Vance investigating Trump’s financial dealings and eventually convening a grand jury to consider criminal charges. However, Trump insisted that their relationship is not as rocky as it may seem, pushing back against claims of any unusual dynamics between the two.
Meanwhile, Vice President Harris has put forth a new tax proposal targeting billionaires, aiming to ensure that the wealthiest individuals pay their fair share in taxes. The “billionaire minimum tax” would require individuals with a net worth of over $100 million to pay a minimum tax rate of 20% on their income, regardless of deductions or loopholes.
The proposal comes amid growing public scrutiny of the ultra-wealthy and calls for greater economic equality in the United States. Harris highlighted the need for the wealthiest individuals to contribute more to address income inequality and fund important social programs.
As Trump and Vance seek to downplay any perceived tensions in their relationship, Harris’s tax proposal is likely to reignite debates over wealth distribution and taxation in the country. The issue of taxing the super-rich has become a hot-button topic in recent years, with various proposals being put forth to address the growing wealth gap.
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