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. Biden, on the other hand, would cap taxes on estates valued over $3.5 million at a flat 45%. According to Sanders, Biden and Democrats need to be willing to go much further in taxing corporations and estates in order to pay for upcoming infrastructure and pandemic stimulus. "We can no longer tolerate many large corporations making billions of dollars in profits to pay nothing in federal income taxes while about half of older Americans have no retirement savings and no idea how they will be able to retire with any shred of dignity or respect," said Sanders at a Budget Committee hearing on the topic More at link https://www.zerohedge.com/political/sanders-challenges-biden-adopt-aggressive-tax-scheme-topping-65-wealthiest-americans