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Congressman Cohen says American billionaires hold 7.6 trillion in wealth while everyday Americans face rising costs

Tennessee Congressman Steve Cohen says at a news conference to introduce bicameral Billionaire Income Tax Act that American billionaires then held 7.6 trillion dollars in worth up 4.7 trillion or 160 percent since President Trump's 2017 tax law, with Howard buying penthouse floors at the Pierre hotel for 44 million and making part of it a basketball court where he shoots baskets with his trainer.
Tennessee Congressman Steve Cohen says at a news conference to introduce bicameral Billionaire Income Tax Act that American billionaires then held 7.6 trillion dollars in worth up 4.7 trillion or 160 percent since President Trump's 2017 tax law, with Howard buying penthouse floors at the Pierre hotel for 44 million and making part of it a basketball court where he shoots baskets with his trainer.
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Restrictions:
Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
2236317059
Collection:
FedNet
Date created:
September 17, 2025
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License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:01:18:01
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
spr091725bc