WOJCIECH KOPCZUK IN THE NY TIMES ON DEMOCRATIC TAX OVERHAUL PROPOSALS
Economist Wojciech Kopczuk was quoted in a piece for the NY Times regarding ambitious tax overhaul proposals from Democrats. Most proposed plans seek to change current taxation to redistribute wealth concentrated in a small segment of the population.
For Democrats Aiming Taxes at the Superrich, ‘the Moment Belongs to the Bold’
The only thing more startling than the flurry of tax proposals Democrats have unveiled in recent weeks is the full-throttle response they’ve gotten from the public.
Representative Alexandria Ocasio-Cortez suggested a near doubling of the top income tax rate. Senator Bernie Sanders, who caucuses with the party, introduced a bill to raise taxes on dynastic heirs. And Senator Elizabeth Warren proposed a levy that has never existed in the United States: a wealth tax, assessed annually on America’s biggest fortunes.
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