Bernie Sanders

Bernie Sanders's policies onTaxes

Exempt the first $3.5 million of an estate from federal taxation ($7 million for couples)

Under this plan, 99.75 percent of Americans would not pay a penny in estate taxes.

I agree with former Labor Secretary Robert Reich who wrote, in support of this legislation, that America “is creating an aristocracy of wealth populated by heirs who don’t have to work for a living yet have great influence over how the nation’s productive assets are deployed.” He is right in calling the proposal that I’ve laid out “a welcome step toward reversing this trend.”

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