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The Economic Times

Global Business / The Economic Times

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Families may get $1,330 checks under Robin Hood Bill, but the rich are furious

Up to $1,330 checks for 460,000 families could come from Washingtons proposed millionaires tax bill. The plan adds a 9.9% tax on income above $1 million. Lawmakers say the tax could raise $3.5$4 billion yearly. That money would expand the Working Families Tax Credit and cut sales taxes on essentials. Supporters say the Robin Hood tax plan helps middle-class families. Critics warn the Washington income tax proposal may face constitutional challenges.

13 Mar 2026 11:39 pm