Coalition launches campaign against 'millionaires tax' repeal effort

• The "millionaires tax" was introduced in 2021 and applies to individuals with an annual income of $250,000 or more, or couples with a combined income of $500,000 or more. • The repeal initiative, if successful, would eliminate the tax, which is currently set at 4.84% for those earning between $250,000 and $500,000, and 7% for those earning over $500,000. • The initiative is being led by a group called "Repeal the Millionaire Tax".

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• James Talarico made the statement on the campaign trail • The Big Bend border wall is a current topic of discussion • The statement was made in a political context

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• The tax relief includes extended deadlines and state tax relief options for affected individuals and businesses. • The wildfires are burning throughout the state.

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• US flags are at half-staff today • The reason for this is not specified • There is no additional information provided

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