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'I will pay more': Bloomberg unveils $5 trillion tax plan targeting the wealthy and corporations

'I will pay more': Bloomberg unveils $5 trillion tax plan targeting the wealthy and corporations

Sunday, February 2, 2020, 8:06 AM

Billionaire Democratic candidate Mike Bloomberg unveiled a tax plan that would unwind corporate tax breaks granted by President Donald Trump and impose an additional 5% "surtax" on incomes above $5 million a year. According-to-campaign, the plan in total would generate roughly $5-trillion and would be sufficient to help fund Bloomberg's initiatives, including his healthcare-plan, education, combating climate-change and more than $1-trillion infrastructure plan.
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