Hi there,

Immigration raids are spreading across the country. The agencies meant to protect public health are being dismantled from within. Public broadcasting is being defunded... Today, Democracy Now!'s independent reporting is more important than ever. Because we never accept corporate or government funding, we rely on viewers, listeners and readers like you to sustain our work. Can you start a monthly donation? Monthly donors represent more than 20 percent of our annual revenue. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Sen. Sanders Proposes Expanding Estate Tax for Wealthiest Americans

HeadlineFeb 01, 2019

Vermont independent Senator Bernie Sanders introduced legislation Thursday that would lower the threshold for paying estate tax on inheritance, which is now at $11 million after the passage of the 2017 tax bill. The measure would lower the amount to $3.5 million of assets, after which the estate tax would apply—the same level as in 2009. The change would only affect the richest 0.2 percent of Americans, and the revenue would help pay for social programs like Medicare for all.

The measure comes after other high-profile Democrats introduced their own tax proposals on the wealthiest Americans. Last week, 2020 presidential hopeful Senator Elizabeth Warren proposed her “ultra-millionaire tax” on the top 0.1 percent, while freshman congressmember Alexandria Ocasio-Cortez has been advocating for a 70 percent top marginal tax rate.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top