A new bill introduced in Congress would provide direct payments of $3,000 to millions of Americans. The payments would be funded through an extra tax on some of the country’s wealthiest people. Sen. Bernie Sanders, I-Vermont, and Rep. Ro Khanna, D-California, introduced the Make Billionaires Pay Their Fair Share Act last week. The bill would establish a 5% annual wealth tax on the 938 billionaires in America. That group, according to a press release from the lawmakers, are worth a collective $8.2 trillion and the tax would raise some $4.4 trillion. In its first year, the bill would provide $3,000 direct payment to every person in a household with an income of $150,000 or less – or $12,000 for a family of four. In addition to the direct payments, the money would be used to reverse $1.1 trillion in cuts to Medicaid and the Affordable Care Act included in President Trump’s “Big Beautiful Bill” and expand Medicare to cover dental, vision and hearing. Other money would go towards build...