Wealth Tax Articles

Concerns about new and damaging wealth tax bills are growing in multiple states, including California, Washington, and Virginia. Here's a quick roundup of the latest wealth tax news affecting family-owned businesses and successful families.   Campaign behind...

Sen. Bernie Sanders (I-VT) and Rep. Ro Khanna (D-CA) proposed a federal 5% annual tax on wealth above $1 billion.   States and localities are simultaneously advancing “tax-the-rich” measures—California’s wealth tax is in signature-gathering (25% of required ~875,000...

Crapo, Wyden Introduce Wide-Ranging Tax Administration Bill: On Feb. 26, Senate Finance Committee Chairman Mike Crapo (R-ID) and Ranking Member Ron Wyden (D-OR) introduced S.3931, the Taxpayer Assistance and Service Act, which includes several recommendations from the...

Republican Split on Reconciliation 2.0: Earlier this month, President Trump ruled out a second budget reconciliation bill after last year’s One Big Beautiful Bill Act (OBBBA, P.L. 119-21). Some congressional Republicans like Rep. August Pfluger (R-TX) and Sen. John...