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“Tax-the-Rich” Legislation Resurfaces

By NAIFA on 5/15/23 6:00 AM

On April 18, Sen. Bernie Sanders (I-VT) reintroduced his “tax-the-rich” bill, the “For the 99.5 Percent Act,” in the Senate. The bill was reintroduced in the House by Rep. Jimmy Gomez (D-CA). The bill would impose higher estate tax rates on those who inherit more than $3.5 million.

Topics: Legislation & Regulations Taxes Tax Reform

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