The Hill: House Democrats offer bill to expand the estate tax
Washington,
October 25, 2019
Dozens of House Democrats have introduced legislation to expand the estate tax, as progressives make a push to substantially increase taxes on wealthy individuals. Rep. Jimmy Gomez (D-Calif.), the lead sponsor of the bill and a member of the tax-writing House Ways and Means Committee, cast the measure as a way to address inequality in the country. "Through my legislation – the For the 99.8% Act – we can take a progressive step forward in addressing our country’s rapidly increasing wealth inequality by strengthening the estate tax and ensuring the wealthiest among us pay their fair share," he said in a press release on Friday. |
