{"id":597829,"date":"2021-07-20T12:20:38","date_gmt":"2021-07-20T16:20:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=597829"},"modified":"2021-07-20T12:20:41","modified_gmt":"2021-07-20T16:20:41","slug":"democrats-demand-higher-taxes-as-bezos-launches-into-space","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-demand-higher-taxes-as-bezos-launches-into-space\/","title":{"rendered":"Democrats Demand Higher Taxes As Bezos Launches Into Space"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocrats-demand-higher-taxes-as-bezos-launches-into-space%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=597829&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/blueoriginlaunch-scaled-e1626787831587.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>Prominent Democrats are demanding that wealthy Americans pay more in taxes following Amazon founder and Washington Post owner Jeff Bezos\u2019 successful Blue Origin space launch.<\/p>\n<p>Bezos and three other passengers, including 82 year-old Wally Funk, who became the oldest person to reach outer space, <a href=\"https:\/\/dailycaller.com\/2021\/07\/20\/jeff-bezos-space-blue-origin-new-shepard\/\" target=\"_blank\" rel=\"noopener noreferrer\">lifted<\/a> off from Van Horn, Texas at 9:12 am EST on Tuesday and returned to Earth shortly thereafter. Bezos had been competing with fellow billionaires Richard Branson and Elon Musk to reach space first, although Branson <a href=\"https:\/\/dailycaller.com\/2021\/07\/12\/richard-branson-virgin-galactic-space-earth\/\" target=\"_blank\" rel=\"noopener noreferrer\">won<\/a> the informal contest July 11.<\/p>\n<p>Rather than celebrate the accomplishment, however, prominent Democrats, including many members of Congress, claimed that Bezos\u2019 space launch was proof that billionaires should be taxed more. Bezos is worth more than $200 billion, <a href=\"https:\/\/www.forbes.com\/profile\/jeff-bezos\/?sh=306158a81b23\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to Forbes, and <a href=\"https:\/\/fortune.com\/2021\/07\/19\/jeff-bezos-space-launch-blue-origin-july-20-2021-billionaires\/\" target=\"_blank\" rel=\"noopener noreferrer\">spent<\/a> about $5.5 billion on the launch. <a href=\"https:\/\/dailycaller.com\/2020\/05\/30\/trump-spacex-nasa-launch-florida\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>(RELATED: \u2018Incredible\u2019: President Trump Hails NASA, SpaceX For Successful Launch)<\/strong><\/a><\/p>\n<p>\u201c<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">You don\u2019t have to be a rocket scientist to know it\u2019s time for billionaires to pay their fair share,\u201d Assistant Speaker of the House and Massachusetts Rep. Katherine Clark tweeted.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.1379310344828\">\n<p dir=\"ltr\" lang=\"en\">You don\u2019t have to be a rocket scientist to know it\u2019s time for billionaires to pay their fair share. <a href=\"https:\/\/t.co\/fozG8FVVvh\">https:\/\/t.co\/fozG8FVVvh<\/a><\/p>\n<p>\u2014 Katherine Clark (@RepKClark) <a href=\"https:\/\/twitter.com\/RepKClark\/status\/1417474459305496582?ref_src=twsrc%5Etfw\">July 20, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cI<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">t\u2019s time for billionaires like Jeff Bezos <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">to pay their fair share,\u201d Democratic Massachusetts Rep. Jim McGovern added.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"6.3290322580645\">\n<p dir=\"ltr\" lang=\"en\">Great. Now it\u2019s time for billionaires like <a href=\"https:\/\/twitter.com\/JeffBezos?ref_src=twsrc%5Etfw\">@JeffBezos<\/a> to pay their fair share. <a href=\"https:\/\/t.co\/gdjkJtlk7O\">https:\/\/t.co\/gdjkJtlk7O<\/a><\/p>\n<p>\u2014 Rep. Jim McGovern (@RepMcGovern) <a href=\"https:\/\/twitter.com\/RepMcGovern\/status\/1417479295392489474?ref_src=twsrc%5Etfw\">July 20, 2021<\/a><\/p>\n<\/blockquote>\n<p>Democratic Washington Rep. Pramila Jayapal used the launch to push her wealth tax proposal, claiming that Bezos was avoiding paying his \u201cfair share\u201d in taxes. Bezos makes most of his money through capital gains on stock, which is not liquid and is taxed at a lower rate than ordinary income.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.2\">\n<p dir=\"ltr\" lang=\"en\">Billionaires will try ANYTHING to avoid paying their fair share in taxes. It\u2019s time for a wealth tax. <a href=\"https:\/\/t.co\/g9aGly0gLH\">https:\/\/t.co\/g9aGly0gLH<\/a><\/p>\n<p>\u2014 Rep. Pramila Jayapal (@RepJayapal) <a href=\"https:\/\/twitter.com\/RepJayapal\/status\/1417474038750982149?ref_src=twsrc%5Etfw\">July 20, 2021<\/a><\/p>\n<\/blockquote>\n<p>Jayapal\u2019s Ultra-Millionaire Tax Act, <a href=\"https:\/\/dailycaller.com\/2021\/03\/01\/elizabeth-warren-proposes-ultra-wealth-tax\/\" target=\"_blank\" rel=\"noopener noreferrer\">introduced<\/a> alongside Democratic Massachusetts Sen. Elizabeth Warren, would create a new tax on households worth more than $50 million. Economists have panned the proposal for its likely negative impact on growth and wages. Law professors have argued that it is unconstitutional.<\/p>\n<p>Warren also called for a wealth tax, although she did not mention Bezos\u2019 launch in her tweet.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"5.9090909090909\">\n<p dir=\"ltr\" lang=\"en\">It\u2019s time for a <a href=\"https:\/\/twitter.com\/hashtag\/WealthTax?src=hash&amp;ref_src=twsrc%5Etfw\">#WealthTax<\/a> in America.<\/p>\n<p>\u2014 Elizabeth Warren (@SenWarren) <a href=\"https:\/\/twitter.com\/SenWarren\/status\/1417483379235299340?ref_src=twsrc%5Etfw\">July 20, 2021<\/a><\/p>\n<\/blockquote>\n<p>Robert Reich, who served as Labor Secretary under President Bill Clinton, claimed that \u201cn<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">o one needs Bezos to launch rockets into outer space.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"8.3314285714286\">\n<p dir=\"ltr\" lang=\"en\">No one needs Bezos to launch rockets into outer space. We need him to pay his fair share of taxes so people can thrive here on Earth.<\/p>\n<p>\u2014 Robert Reich (@RBReich) <a href=\"https:\/\/twitter.com\/RBReich\/status\/1417241652188483604?ref_src=twsrc%5Etfw\">July 19, 2021<\/a><\/p>\n<\/blockquote>\n<p>Democratic Oregon Rep. Earl Blumenauer announced a new bill that would tax flights like Bezos\u2019, the Securing Protections Against Carbon Emissions (SPACE) Tax Act.<\/p>\n<p>\u201cSpace exploration isn\u2019t a tax-free holiday for the wealthy. Just as normal Americans pay taxes when they buy airline tickets, billionaires who fly into space to produce nothing of scientific value should do the same, and then some,\u201d he <a href=\"https:\/\/blumenauer.house.gov\/media-center\/press-releases\/blumenauer-announces-new-space-tax-proposal\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> in a press release.<\/p>\n<p>The National Aeronautics and Space Administration (NASA) <a href=\"https:\/\/dailycaller.com\/2020\/04\/17\/nasa-to-launch-first-american-astronauts-to-international-space-station-from-american-soil-in-nearly-a-decade\/\" target=\"_blank\" rel=\"noopener noreferrer\">launched<\/a> astronauts into space from US soil in 2020 for the first time in nine years. NASA partnered with Musk\u2019s SpaceX to deliver the astronauts to the International Space Station, the <a href=\"https:\/\/dailycaller.com\/2020\/05\/24\/nasa-spacex-historic-launch\/\" target=\"_blank\" rel=\"noopener noreferrer\">first<\/a> time that a non-governmental entity launched humans into space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prominent Democrats are demanding that wealthy Americans pay more in taxes following Amazon founder and Washington Post owner Jeff Bezos\u2019 successful Blue Origin space launch.Bezos and three other passengers, including &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-597829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/597829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=597829"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/597829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=597829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=597829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=597829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}