Updated

Updated · Fox News · Aug 26

Abdul El-Sayed Reaffirms Wealth Tax on Fortunes Above $100 Million for Michigan Programs

Updated

Updated · Fox News · Aug 26

Abdul El-Sayed Reaffirms Wealth Tax on Fortunes Above $100 Million for Michigan Programs

3 articles · Updated · Fox News · Aug 26

Abdul El-Sayed used a Fox News interview to restate his support for taxing wealth above $100 million, arguing Michigan voters would prefer better roads and public programs over letting billionaires keep more money.
The Democratic Senate nominee tied the proposal to funding Medicare-for-All, reparations and infrastructure, and said a 7% tax would still leave a billionaire with major annual gains.
El-Sayed and his wife reported $686,069 in 2025 income, far below the threshold he has discussed; he has also said the tax should reach non-billionaires, not just the ultra-rich.
The report frames the plan as a broader Democratic push beyond billionaires, citing figures such as Ro Khanna and Bernie Sanders and warning wealthy residents could move assets or leave the state.

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