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Bernie Sanders, Elizabeth Warren Both Roll Out Tax Proposals
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5 Oct 2019 10:07 PM EST

A wealth tax like the ones proposed by presidential candidates Sen. Elizabeth Warren and Sen. Bernie Sanders would make ultra-wealthy Americans pay the federal government a small percentage of their net worth each year. Sanders' "Tax on Extreme Wealth" is more aggressive than Warren's "Ultra-Millionaire Tax." Despite popular support, a wealth tax bill would have to overcome opposition in both Houses of Congress, the White House, and the Supreme Court before becoming law, Business Insider previously reported. Visit Business Insider's homepage for more stories.