Nathalie Kitro-Eff

Can I just step back and ask, given how imperfect this measure is, why have the billionaires been so freaked out about it?

Because from what you said, it sounds like it may have actually been relatively straightforward for them to move some of their wealth elsewhere for a single year.

It's also just a one-time 5% tax.

So what about this proposal is so scary to them?

Well, Laurel, thank you so much.

Thanks for having me.

We'll be right back.

Here's what else you need to know today.

The Trump administration has secured a new indictment against one of the president's biggest enemies, former FBI Director James Comey, months after its last indictment against Comey ended in failure.

This time, the Justice Department charged Comey with making a threat against Trump because of a photo Comey shared on social media of seashells arranged on a beach to say 86-47.

Since 86 can be slang for removing something, and Trump is the 47th president, allies of the president have construed the photo as a threat to kill Trump.

Comey has repeatedly denied threatening to harm the president.

And... Mr. Speaker, Their Majesties King Charles III and Queen Camilla.

In a speech to Congress on Tuesday, King Charles delivered an optimistic assessment of the relationship between the U.S.

and Britain at a moment in which that relationship is arguably at its lowest point in decades.

In his speech, Charles declared that disputes between the two nations have defined their shared history, dating back to the American Revolution against Britain in the 1770s.

After the speech, President Trump hosted Charles and his wife Camilla for dinner at the White House.

Today's episode was produced by Olivia Natt, Shannon Lin, Claire Tennesketter, and Jack Disidoro.

It was edited by Paige Cowett and Patricia Willans.

Contains music by Marion Lizano.