It’s no secret that our tax code is riddled with loopholes that allow privileged interests to avoid paying taxes and divert critical revenue that we need to invest in the success of every American.

I’m working to change that.

Last week, I announced legislation with Senators Cory Booker, Bernie Sanders, Elizabeth Warren, and Sheldon Whitehouse to close one of the biggest tax giveaways on the books — known as the stepped-up basis loophole.

Our proposal would eliminate the loophole once and for all and end an unfair advantage that allows wealthy heirs to inherit massive fortunes without paying taxes.

If we’re going to address the historic levels of economic inequality we face, we need to start with a fairer tax code. Subsidizing massive inheritances for the wealthiest Americans is not just a bad idea, but it reduces the revenue available for badly needed investments in education, infrastructure, health care and so much more.

If you agree, add your name next to mine to show your support for the STEP Act to ensure wealthy heirs pay their fair share in taxes >>

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We can end one of our nation’s biggest tax breaks that compounds the inequities of massive inherited wealth and instead invest in the growth and success of all our communities.

Thank you for adding your voice to this fight today,

Chris

Paid for by Van Hollen for Senate

Van Hollen for Senate | 10605 Concord Street, Suite 202 | Kensington, MD, 20895

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