I agree it’s not likely to become law but I don’t put it past Dems pushing it this time if they capture the house, senate, and presidency.
For what it’s worth, Fiscal tax policy may state a threshold for taxation but we must remember that high earning people and corporations will always find ways to legally pass taxes to low income earners. It’s as old as our nation’s existence — for every new tax enacted Congress will also enact ways for themselves to avoid those same taxes they force on others.
I mentioned, a couple of days ago I think, that Harris' momentum had stopped.