Tax Watch! New Video Unpacks Sen. Wyden’s New ‘Wealthy’ Income Tax Act Aimed at Entrepreneurs, Successful Individuals, and Family Business
Intended to Close Loopholes, the Act will Likely Hurt More Than it will Help
New Video with Brownstein Tax Expert Russ Sullivan Details Faults with New Tax Plan
Late last year, Sen. Ron Wyden (D-OR), chairman of the Senate’s tax-writing committee, introduced his Billionaires Income Tax Act (S. 3367), an updated version of his mark-to-market proposal. The proposed wealth tax, designed to close tax “loopholes,” will likely penalize entrepreneurs, successful individuals, and family businesses across the country.
A new video, featuring Policy and Taxation Group tax expert Russ Sullivan, chair of the National Tax Policy Group at the Brownstein law firm, helps unpack the major issues in Sen. Wyden’s tax proposal. Sullivan details how this new “wealth tax” would be unworkable, limit liquidity, disrupt markets, create massive tax bills, and limit savings and business investment.
To learn more and take steps to stop this kind of unfair taxation, go to: www.policyandtaxationgroup.com
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Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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