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  Sanders unveils 'extreme' wealth tax proposal
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Last EditedRP  Sep 24, 2019 09:07am
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CategoryProposed Legislation
AuthorRebecca Klar
News DateTuesday, September 24, 2019 01:50:00 PM UTC0:0
DescriptionSen. Bernie Sanders (I-Vt.) unveiled a wealth tax proposal on Tuesday that goes further than his Democratic presidential race rival Elizabeth Warren in hitting the rich with new taxes.

The Sanders plan, which he touts as a "Tax on Extreme Wealth," would kick in at a lower threshold than his fellow senator's proposal, and would rise all the way to an 8 percent tax on households with wealth over $10 billion.

While Warren's plan starts with a 2 percent tax on wealth valued at between $50 million and $250 million, the Sanders plan starts with a 1 percent tax on net worth above $32 million.
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