(ZEROHEDGE) – Sen. Bernie Sanders (I-VT) is playing bad cop – introducing a tax plan that's so aggressive that it makes Biden's small-business-killing corporate tax hike look moderate in comparison.
Sanders, Chairman of the Senate Budget Committee, has proposed two new measures – one which would raise the corporate tax rate from 21% to 35%, far above the 28% Biden has proposed. It would also add stricter rules for taxing offshore profits, according to The Hill.
The second piece of legislation would supercharge the estate tax – lowering the threshold from $11 million to $3.5 million for single people, and from $22 million to $7 million for couples. It would also raise the tax rate to as much as 65% for estates over $1 billion.
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