While the proposal has no legal effect, the vote opens the door to a new debate over ramping up taxes on the rich.
Kiel Porter is a U.S. M&A Reporter, with a focus on national (Canada) mergers and acquisitions. He writes for various publications including Midland Reporter-Telegram, BNN Bloomberg, Financial Post, Fortune, Bloomberg News, and Yahoo Finance. Kiel's work has also been featured in publications such as Crain's Detroit Business, Yahoo Finance Canada, The Australian Financial Review, Bloomberg Law, and Regina Leader-Post.