Sanders Introduces Estate Tax Reform to Combat Inequality
WASHINGTON, Jan. 31 – In an effort to combat rising wealth inequality, Sen. Bernie Sanders (I-Vt.) introduced legislation Thursday to establish a progressive estate tax on the fortunes of the top 0.2 percent of Americans and significantly increase rates on billionaires. Sanders’ legislation, the For the 99.8% Act, would raise $2.2 trillion from the nation’s 588 billionaires. In contrast, Senate Republican leadership proposed a bill this week that