Legis Daily

Strengthen Social Security by Taxing Dynastic Wealth Act

USA116th CongressS-1950| Senate 
| Updated: 6/25/2019
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strengthen Social Security by Taxing Dynastic Wealth Act This bill returns the taxation of estates and gifts to levels that were in effect in 2009. This increases the maximum rate for estates and gifts to 45% and modifies exemptions. The bill also combines the existing Social Security trust funds into a single Social Security Trust Fund and provides for the deposit of increased estate and gift tax revenue into the consolidated trust fund.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 25, 2019
Introduced in Senate
Jun 25, 2019
Read twice and referred to the Committee on Finance.
  • June 25, 2019
    Introduced in Senate


  • June 25, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • S 116-269: Social Security 2100 Act
  • S 116-478: Social Security Expansion Act
  • HR 116-860: Social Security 2100 Act
  • HR 116-1170: Social Security Expansion Act
Government trust fundsSocial security and elderly assistanceTransfer and inheritance taxes

Strengthen Social Security by Taxing Dynastic Wealth Act

USA116th CongressS-1950| Senate 
| Updated: 6/25/2019
Strengthen Social Security by Taxing Dynastic Wealth Act This bill returns the taxation of estates and gifts to levels that were in effect in 2009. This increases the maximum rate for estates and gifts to 45% and modifies exemptions. The bill also combines the existing Social Security trust funds into a single Social Security Trust Fund and provides for the deposit of increased estate and gift tax revenue into the consolidated trust fund.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 25, 2019
Introduced in Senate
Jun 25, 2019
Read twice and referred to the Committee on Finance.
  • June 25, 2019
    Introduced in Senate


  • June 25, 2019
    Read twice and referred to the Committee on Finance.
Chris Van Hollen

Chris Van Hollen

Democratic Senator

Maryland

Finance Committee

Taxation

Related Bills

  • S 116-269: Social Security 2100 Act
  • S 116-478: Social Security Expansion Act
  • HR 116-860: Social Security 2100 Act
  • HR 116-1170: Social Security Expansion Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government trust fundsSocial security and elderly assistanceTransfer and inheritance taxes