"Vermont Joins Trend with Proposed Wealth Tax"

Vermont lawmakers are introducing legislation to impose new taxes on the state's wealthiest residents, including a tax on capital gains for individuals with over $10 million in net worth and a 3 percent marginal tax on incomes exceeding $500,000 a year. The bills are part of a national campaign by Democrats to address income inequality and could potentially contribute almost 5 percent of the state's annual budget.