‘Tax-the-rich’ policies are all the rage in the US

February 17, 2019  —  By

These days, Democrats are all about raising taxes on the rich. Rep. Alexandria Ocasio-Cortez (D-N.Y.) floated the idea of returning to a 70-percent marginal income tax rate.

Sen. Bernie Sanders (I-Vt.) has proposed lowering the estate tax exemption to 2009 levels, while raising the rate to a maximum of 65 percent on estates over $1 billion. Senator Elizabeth Warren has put forward a 2-percent wealth tax on households with a net worth over $50 million, with a 3-percent rate on billionaires. Together, the proposals mark a sizeable shift in Democratic policy, but what will the voters think?

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