House Speaker Mike Johnson spent part of his Sunday doing what speakers do: telling voters that the other party's voting record speaks for itself. His target was House Democrats and their votes on tax legislation, and his message was blunt.

In a post on X, Johnson accused 212 House Democrats of voting for what he called the 'LARGEST TAX HIKE in history' while opposing Republican-backed tax provisions for tips, overtime and Social Security.

'When House Democrats show us who they are, believe them,' Johnson wrote.

He said 212 Democrats 'voted for the LARGEST TAX HIKE in history' and that the same number 'OPPOSED No Tax on Tips, No Tax on Overtime, & No Tax on Social Security.'

Johnson didn't stop at taxes. He also criticized Democrats over border security, voter ID, transgender participation in girls' sports, Supreme Court expansion and congressional stock trading.

'Their CRAZY ideology is indefensible!' Johnson wrote, adding, 'the list goes on and on!'

Billionaire Tax and Tax Breaks

Last week, California entrepreneur Eric Schiffer warned that the proposed Proposition 40 billionaire wealth tax could encourage wealthy business leaders to leave the state.

The measure would impose a one-time tax of up to 5% on the covered assets of certain billionaires who were California residents on Jan. 1, 2026. The tax would generally apply to taxpayers with more than $1 billion in covered assets, with the amount due in 2027.

Rep. Ro Khanna (D-Calif.) outlined five Democratic priorities, including raising the federal minimum wage to a 'living wage,' paid family leave, ending the Iran war, a Medicare for All vote and higher taxes on billionaires.

Last month, Sen. Elizabeth Warren (D-Mass.) criticized federal tax benefits, saying six companies received $83 billion in tax breaks in the previous year while millions struggled with basic expenses.

In July, Economist Justin Wolfers criticized President Donald Trump's 'One Big Beautiful Bill,' arguing that tax breaks for tips, overtime and Social Security were temporary, while tax cuts for wealthy Americans were permanent.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by MarketDash editors.