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Sen. Bernie Sanders (I-Vermont) and Rep. Ro Khanna (D-California) at a town hall event in Stanford, California, on Feb. 20. (Benjamin Fanjoy/Getty Images)

Sanders pitches $4.4 trillion tax on billionaires, in 2028 marker

 What to know

Sen. Bernie Sanders plans to introduce a bill taxing billionaires to fund social programs, despite expected opposition in the Republican-controlled Congress. The proposal includes a 5 percent wealth tax on billionaires, aiming to raise $4.4 trillion. Sanders’s plan could influence the 2028 Democratic presidential primary, though it faces criticism from some Democrats like California Gov. Gavin Newsom.

Summary is AI-generated, newsroom-reviewed.

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