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        <title><![CDATA[Elon Musk pays $11 billion in taxes, prompting Pramila Jayapal to demand that the wealthy 'pay their fair share']]></title>
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        <link>https://usagag.com/2021/12/28/elon-musk-pays-11-billion-in-taxes-prompting-pramila-jayapal-to-demand-that-the-wealthy-pay-their-fair-share/</link>
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            <media:title type="html">Elon Musk pays $11 billion in taxes, prompting Pramila Jayapal to demand that the wealthy 'pay their fair share'</media:title>
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        <content:encoded><![CDATA[<p>Musk was chastised earlier this month by Sen. Elizabeth Warren (D-MA), another progressive senator, for "freeloading off everyone else" and benefitting from "the skewed tax code." Musk replied to Warren: &ldquo;And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year.&rdquo;</p>
<p>Jayapal chimed in by saying that Musk should have paid more.</p>
<p>&ldquo;Elon Musk made $36 BILLION in one day, but wants to brag about paying an $11 billion tax bill,&rdquo; said Jayapal. &ldquo;Oh yeah, he also added more than $270 BILLION in wealth just since the pandemic started. Time for the rich to pay their fair share.&rdquo;</p>

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<p dir="ltr" lang="en">Elon Musk made $36 BILLION in one day, but wants to brag about paying an $11 billion tax bill.<br /><br />Oh yeah, he also added more than $270 BILLION in wealth just since the pandemic started.<br /><br />Time for the rich to pay their fair share.</p>
&mdash; Pramila Jayapal (@PramilaJayapal) <a href="https://twitter.com/PramilaJayapal/status/1474237398590631944?ref_src=twsrc%5Etfw">December 24, 2021</a></blockquote>
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<p>Sen. Joe Manchin (D-WV), Jayapal's colleague, was also chastised on Sunday for withdrawing his support for President Biden's $1.75 trillion Build Back Better Act.</p>
<p>&ldquo;Nearly a year ago, President Biden laid out his Build Back Better agenda: a broad vision to meet the individual and collective challenges Americans face, necessarily ambitious to address crises both created and exposed by the pandemic,&rdquo; Jayapal wrote. &ldquo;For most of 2021, Democrats worked to pass legislation that realizes that vision. The president negotiated with Congress, including Sens. Joe Manchin III (D-W.Va.) and Kyrsten Sinema (D-Ariz.) directly. Sen. Manchin committed to the president &mdash; who relayed that commitment to House members &mdash; that he would support the legislative framework unveiled on Oct. 28.&rdquo;</p>
<p>&ldquo;But on Dec. 20, Sen. Manchin went back on his commitment to the president and seemingly killed the bill on national television,&rdquo; Jayapal said. &ldquo;In a town where your word is everything, this was a stunning rebuke of his own party&rsquo;s president.&rdquo;</p>
<p>&ldquo;Despite that, we must move forward,&rdquo; she continued. &ldquo;The president&rsquo;s agenda is even more urgent today. The omicron variant is surging as covid-19 has once again disrupted people&rsquo;s ability to work, care for children and elders, access medical care and make ends meet. We simply cannot abandon our vision.&rdquo;</p>
<p>Jayapal said that Manchin&rsquo;s decision neglected the purported needs of women and minorities. &ldquo;People of color, women and young people helped deliver the White House and Congress to Democrats, but their needs were consistently delayed in search of bipartisanship,&rdquo; she complained.</p>
<p>Earlier this month, <a href="https://www.bloomberg.com/news/articles/2021-12-15/tesla-s-musk-berates-warren-on-twitter-again-in-spat-over-taxes">Bloomberg</a> explained that Musk&rsquo;s stock options would be the primary driver of his tax bill.</p>
<p>&ldquo;The world&rsquo;s richest person and chief executive officer of Tesla Inc. could face a tax bill of more than $10 billion for 2021, if he exercises all his options due to expire next year,&rdquo; Bloomberg reported. &ldquo;While it&rsquo;s hard to say whether that would be a record &mdash; the Internal Revenue Service doesn&rsquo;t publicly reveal individual tax filings &mdash; it would certainly rank as one of the biggest payments of all time.&rdquo;</p>
<p>&ldquo;​​Musk faces the unusually high tax bill after exercising almost 15 million options and selling millions of shares to cover the taxes related to the transactions,&rdquo; Bloomberg added. </p><script async="" src="https://platform.twitter.com/widgets.js"></script>]]></content:encoded>
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