Musk Attacks Plan For Higher Taxes On Billionaires

The Hill reports:

Tesla and SpaceX CEO Elon Musk ripped the Democratic proposal for an annual tax on billionaires’ investment gains on Monday, as lawmakers consider the tax as a way to fund the party’s multi-trillion dollar reconciliation package.

Musk, who as of Monday had the highest net worth on Forbes’ list of billionaires, replied to a tweet featuring a photo of an email template constituents can send to their lawmakers to oppose the tax.

The letter, which is meant to be addressed to a congressional lawmaker, says “I expect you to oppose the Wyden proposal to tax unrealized capital gains.”