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Bill to change education funding for fiscal year 2025 takes step forward

An act intended to address the projected $250 million statewide increase in education spending this year is one step closer to becoming law. ....

Emilie Kornheiser , Katherine Sims , Kirby Keeton , House Committee On Ways , Means Committee , House Of Representatives Committee On Ways , House Committee On Appropriations , Representatives Committee , Means Friday , House Committee , Counselor Kirby Keeton , Means Committee Chair , House Committee On Ways And Means , Education Funding , Budget 2025 , Ith 50 ,

Bill to change education funding for fiscal year 2025 takes step forward

An act intended to address the projected $250 million statewide increase in education spending this year is one step closer to becoming law. ....

Katherine Sims , Kirby Keeton , Emilie Kornheiser , House Committee On Appropriations , Means Committee , House Of Representatives Committee On Ways , House Committee On Ways , Representatives Committee , Means Friday , House Committee , Counselor Kirby Keeton , Means Committee Chair , House Committee On Ways And Means , Education Funding , Budget 2025 , Ith 50 ,

What to know about Vermont's wealth tax

What to know about Vermont's wealth tax
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What to know about Vermont's wealth tax

What to know about Vermont's wealth tax
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John Greim/LightRocket via Getty Images(MONTPELIER, Vt.) In a yellow-walled conference room at the Vermont statehouse this week, one attendee ate ice cream and another bounced a toddler on her lap but all were focused on a bill that would tax personal wealth for the first time in U.S. history.

At the committee meeting, legislators took up a measure that would tax the capital gains of people with more than $10 million in net worth, even if the gains have not been cashed out.

In other words, if a wealthy person s stock or real estate holdings go up in value over a given year, the individual would have to pay taxes on those gains, even if he or she doesn t sell the underlying asset.

The bill, one of an array of similar measures introduced by state-level Democrats nationwide, takes up a cause championed on Capitol Hill by progressives like Democratic Massachusetts Sen. Elizabeth Warren and Independent Vermont Sen. Bernie Sanders.

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