Sure hope they're prepared for The Off Season. Sam Parkhill wasn't.

This is an economic nightmare

It would be a nightmare if enacted, but it comes from a socialist wish-list that has yet (fortunately) to make much headway. The article posted by Lucifer helpfully linked to the Administration 2025 revenue proposal document:
https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf#page86

I found the same 44.6% marginal rate note in the revenue proposals for 2024:
https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf#page86

Both contain the 44.6% sentence at the bottom of page 80 on the 2025 revenue proposals and page 79 on the 2024 proposals.

Could not find it in the 2023 revenue proposal document. The following link appears to be a repository for such proposals going back to 1990:
https://home.treasury.gov/policy-issues/tax-policy/revenue-proposals

The guy that just won Gonzales’ seat in Congress (Democrat) was a former congressman and an architect of the unrealized tax scheme. 

 Great going republicans!   You had a solid conservative voting member and you kicked him out and gave the seat to this guy.

Crap I hadn’t heard who won, but I expected it to be a Democrat.  I’m sick of Republicans screwing us over like this.

  Do you think the regime cares?

  There is trillions in unrealized money to the government.  The regime despises the middle class and wants that money.

Of course they don’t care, and the banks will pass the cost on to investors in the form of higher fees.  But that will affect all of us, not just those worth over $100 million. It’s another hidden cost to the middle class. A punishment for investing and trying to save for retirement.

We have been warned for a long time that the feds are eyeing that motherlode of wealth in the form of 401(k)s and IRAs.