Bill116th CongressFiled Jun 25, 2019Taxation
S. 1950
Strengthen Social Security by Taxing Dynastic Wealth Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 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.
What just happenedJun 25, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Van Hollen, Chris [D-MD](D-MD)Sponsor
1committees2actions4related bills3subjects
- Introduced in SenateJun 25, 2019
- Jun 25, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 25, 2019IntroReferral10000
Introduced in Senate