To End 'New Gilded Age,' House Progressives Unveil Bill to Raise Federal Minimum Wage to $25 Per Hour | Common Dreams
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​"We need an economy that reflects the realities of 2026, not one stuck over a decade ago," said the newly sworn-in Rep. Analilia Mejía, who helped lead the campaign to raise wages in her home state of New Jersey.

A pair of progressive Democrats unveiled a bill on Tuesday that would raise the federal minimum wage to $25 per hour, considered the bare minimum a single adult needs to meet the cost of living in much of the US.

The Living Wage For All Act is the first bill to be introduced by the newly sworn-in Rep. Analilia Mejía (D-NJ), who won a special election earlier this month after helping to lead the fight for a $15 minimum wage in her home state of New Jersey.

  • boonhet@sopuli.xyz
    72·
    3 days ago

    Wealth tax is kinda stupid because that just makes hiding all of your assets in a tax haven the default for rich people. Right now at least I believe most American billionaires are paying SOME tax in the US, because most nominally own some stuff in the US.

    Actually closing the loopholes one can use to skirt existing taxes is actually more beneficial. And using your stock holdings as collateral for a loan should trigger a tax event, consider it realized gains. Also start taxing stock options when they’ve vested, not when the stock is sold (which might be never). When sold, the increase in value is also realized gains and should still be taxed too.

    • HulkSmashBurgers@reddthat.com
      3·
      3 days ago

      Yeah I hadn’t researched anyting but just think that the wealthy need to pay more in taxes there’s got to be a way to do that. What you describe seems like a viable path forward.