Hillary Clinton Presents Plan for Estate Tax Increases
January 22, 2016
Hillary Clinton recently released a plan that would bring estate tax rates and exemptions back to 2009 levels. This would mean pushing down the maximum tax rate. Her plan would push the maximum tax rate to 45% from where it presently sits at 40%.
Experts believe that this plan is an attempt to get better traction with liberals who have been putting their support behind Bernie Sanders instead. Sanders has been an outspoken critic of the current estate tax plans and requirements, alleging that significant increases need to be made to the maximum rate and the exemption should be cut dramatically as well.
While Clinton’s proposal has the potential to bring $150 billion in revenue across ten years, it would only impact 4 out of every 100 families which is why it is a popular option for individuals in the center and on the left who are looking to avoid higher taxes on the middle class.
