^^^^^^^^^^^^^^
Listen to Bernie Sanders.
He is not afraid to clearly state what the Dems will not
He clearly explains the difference.
http://www.sanders.senate.gov/newsroom/ ... inequality
At a rally to celebrate the 50th anniversary of Medicare on Thursday, Sen. Bernie Sanders announced that he will soon introduce legislation to provide Medicare-for-all single-payer health insurance. On Wednesday, Sanders criticized Republicans’ push for a vote on legislation to cut $500 million in annual funding for Planned Parenthood, calling it “part of a long-term smear campaign by people who want to deny women in this country the right to control their own bodies.” Last Sunday on Meet the Press, Sanders, in response to the fatal shooting in a Louisiana movie theater, called for stricter gun control measures including universal instant background checks and restrictions on firearms not used for hunting.
Thursday, June 25, 2015
WASHINGTON, June 25 – Sen. Bernie Sanders (I-Vt.) today introduced legislation to increase estate tax rates on the top three-tenths of one percent of Americans who inherit more than $3.5 million, while eliminating loopholes that have allowed the wealthiest Americans to avoid billions in taxes. Sanders said the legislation was needed to reduce the massive gap between the very rich and working class Americans.
“Our nation cannot survive morally or economically when so few have so much while so many have so little. We need a tax system which asks the billionaire class to pay its fair share of taxes and which reduces the obscene degree of wealth inequality in America,” Sanders said.
Only the very wealthiest millionaires and billionaires would be effected by the Sanders plan; 99.75 percent of Americans would not pay a penny more in estate taxes.
Sanders’ bill does the following:
Lowers the estate tax exemption level from $5.4 million to $3.5 million for individuals and from about $11 million to $7 million for couples.
Increases the marginal tax rate to 45 percent on estates between $3.5 million to $10 million, 50 percent on estates between $10 million and $50 million, and 55 percent on estates over $50 million.
Creates a new billionaire surtax of 10 percent that would only impact 530 billionaires who are worth a combined $2.6 trillion.
Ends loopholes allowing billionaire families to set up dynasty trusts to avoid taxes.
Closes loopholes used by the wealthy to avoid estate taxes.
Protects family farms and conservation easements.
Hope this helps you.
Telcoman