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Image for Sanders Holds Capitol Wealth Tax Rally with Van Hollen: BGOV Tax
via: bloombergtax.com

Sanders Holds Capitol Wealth Tax Rally with Van Hollen: BGOV Tax

Sanders Touts Wealth Tax in Capitol Hill Rally

Sen. Bernie Sanders (I-Vt.) isn’t letting go of his goal of hiking taxes on the rich, and the idea is only gaining traction in the Democratic Party as it looks to a political future after President Donald Trump.

The progressive icon touted his Make Billionaires Pay Their Fair Share Act, which pitches a 5% annual wealth tax on billionaires in America and uses it to fund direct payments of $3,000 to those making less than $150,000 a year. Sanders held a similar rally in New York in March.