Story perspectives

Majority Supports Higher Taxes on Millionaires Amid Inflation

4/15/2026

Summary

Story summary

April 15 marks the federal tax return deadline, highlighting financial strain from inflation and inequality.
A survey found two-thirds of Americans support higher taxes on earners above $1 million.
Sen. Bernie Sanders and Rep. Ro Khanna have proposed a tax surcharge on billionaires.
Washington and Massachusetts have already increased taxes on millionaires, and Democrats aim to leverage the moment for tax reform reminiscent of past reforms benefiting the middle class.

1 of 1

Story summary

April 15 marks the federal tax return deadline, highlighting financial strain from inflation and inequality.
A survey found two-thirds of Americans support higher taxes on earners above $1 million.
Sen. Bernie Sanders and Rep. Ro Khanna have proposed a tax surcharge on billionaires.
Washington and Massachusetts have already increased taxes on millionaires, and Democrats aim to leverage the moment for tax reform reminiscent of past reforms benefiting the middle class.