PWBM projects that the revenue-raising provisions in the House Ways and Means Reconciliation Bill would raise roughly $2.4 trillion from 2022 to 2031. For more information, please see our full analysis.
Senator Bernie Sanders' Estate Tax
We estimate the budgetary effects over the 10-year budget window (2021 - 2030) of Senator Bernie Sanders’ estate tax proposal to lower the exemption to $3.5 million for singles and $7 million for married couples as well as create four new brackets: estate values between $3.5 - $10 million are taxed at 45 percent; estate values between $10 - $50 million, at 50 percent; estate values between $50 million - $1 billion, at 55 percent; and, estate values above $1 billion, at 77 percent.
Senator Michael Bennet’s “The Real Deal” Tax Plan
We estimate the budgetary effects of five major tax proposals included in Senator Michael Bennet’s “The Real Deal” tax plan over the 10-year budget window (2020 - 2029).