Billionaire Bloomberg proposes tax plan aimed at wealthy

Billionaire Democratic presidential candidate Mike Bloomberg is unveiling a tax plan that would target the wealthy — increasing rates on capital gains and corporate gains as well as introducing a new 5% surtax on incomes above $5 million.“I'm a wealthy guy, I didn't need a tax cut and so we're going to have to put a little of that back,” Bloomberg said Saturday at a campaign stop in Denver.Campaign officials, who spoke on condition of anonymity to discuss the details of the tax