Watch out, bloated plutocrats: Senate Democrats are coming for you. To help pay for the Build Back Better Act, Democrats rolled out two plans that would go after vast wealth that corporations and billionaires try to hide away from ever being taxed; each of the new plans is expected to bring in hundreds of billions of dollars over 10 years.

The first plan, to impose a 15 percent minimum tax on corporate profits over a billion dollars, was introduced by Sens. Elizabeth Warren of Massachusetts, Ron Wyden of Oregon, and Angus King of Maine; it has the support of Sen. Kyrsten Sinema, who has blocked other tax increases that were originally proposed as part of Build Back Better. So that's going to be helpful in moving it along should no other "centrist" Dem decide "nah."

The second plan, from Warren and Wyden, would go after the very richest Americans' "unrealized gains" on assets every year, instead of only collecting capital gains taxes when those assets are sold; it's one of the ways the very wealthy get richer without paying income taxes. (They never sell. They borrow their fuck-you money against their stocks as collateral.)

Both plans, in addition to helping to fund Build Back Better, have some real class war appeal, since they address the tax loopholes that widen the gap between the filthy rich and ordinary American taxpayers. As Wyden said in a statement on the proposed billionaire tax,

There are two tax codes in America. [...] The first is mandatory for workers who pay taxes out of every pay check. The second is voluntary for billionaires who defer paying taxes for years, if not indefinitely.