Raise millionaires’ income tax

U.S. Congress passed the One Big Beautiful Bill Act (OBBBA) in July 2025, which would give a federal tax cut of $43,000 on average to those earning $1 million or more. This average federal tax cut by OBBBA for those earning $1 million or more would be 476 times more than for those earning $28,200. Add 2% surcharge to income above $1 million to raise $71+ million per year.