This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2876.
On March 25, 2021, Senate Budget Committee Chairman Bernie Sanders (I-VT) fired the opening salvo in the debate over raising taxes by holding a hearing provocatively entitled “Ending a Rigged Tax Code: The Need to Make the Wealthiest People and Largest Corporations Pay Their Fair Share of Taxes.” Sen. Sanders decried “the economic absurdity of two people in this country, Jeff Bezos and Elon Musk, owning more wealth than the bottom 40%” of American people and the “rigged and corrupt tax code that gives trillions of dollars in tax breaks to the wealthy and huge corporations.”
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