"Sen. Johnson's Income Inequality Remarks"

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income taxation

Common Dreams

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Ron Johnson Is Working Tirelessly to Protect the Super-Rich From Paying Their Fair Share | Common Dreams

Summary

Nutrition label

69% Informative

Sen. Ron Johnson has sponsored a bill that would repeal the death tax.

The Death Tax Repeal Act of 2023 would allow the untaxed gains on the investment assets of mega-millionaires and billionaires to escape income taxation entirely.

If ultra-rich Americans ever need cash, they don’t need to sell highly appreciated assets, they can borrow against the assets.

Rep. Ron Johnson wants to continue to benefit from the tax-free compounding of investment gains using the buy-borrow-die strategy.

Johnson pushed hard for the so-called “pass-through deduction,” which allows owners of limited liability companies and subchapter S corporations to pay a 20% lower rate of tax on their income.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful