|
|
"A comprehensive, collaborative elections resource."
|
Sanders unveils 'extreme' wealth tax proposal
|
|---|
| Parent(s) |
Race
|
| Contributor | RP |
| Last Edited | RP Sep 24, 2019 09:07am |
| Logged |
0
|
| Category | Proposed Legislation |
| Author | Rebecca Klar |
| News Date | Tuesday, September 24, 2019 01:50:00 PM UTC0:0 |
| Description | Sen. 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. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
