Imposes a wealth tax on assets over $1 billion and expands Medicare coverage.
The bill introduces a wealth tax on individuals or trusts with net assets exceeding $1 billion, with rates starting at 5% and adjusted for inflation. It also expands Medicare coverage to include dental, hearing, and vision services, with specific payment rules and limitations. Additionally, it mandates a minimum annual salary of $60,000 for public school teachers and provides funding for child care services and home and community-based services. The bill includes provisions for affordability rebates, funding for the Housing Trust Fund, and adjustments to the premium tax credit eligibility.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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