Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Bernie Sanders Proposes Bill To Close Tax Loopholes For Wealthy
Posted
October 6, 2016
Views
119,450
Likes
3,263
Comments
528
Engagement
3.17%
October 6, 2016
119,450
3,263
528
3.17%
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10:19Now PlayingBernie Sanders isn't just blaming Donald Trump for not paying taxes for decades. He's pointing out the corrupt tax system that allows the wealthy to dodge taxes so easily, and proposing a bill to fix it. Cenk Uygur and John Iadarola, hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"It’s hard to tell what surprised voters more: that Donald Trump may have gone nearly two decades without paying federal income taxes or that it may have been legal. But Senator Bernie Sanders hopes to put an end to that by introducing new legislation.
Sanders may no longer be running for president, but that won’t stop him from trying to crack down on tax breaks for the wealthy. On Tuesday, the independent Vermont senator announced plans to introduce legislation that targets "special tax breaks and loopholes in a corrupt tax code” in the next Congress, he said in a statement.
These breaks allow “billionaires and powerful corporations to avoid paying their fair share of taxes while sticking the burden on the middle class,” he said.
"It's time to create a tax system which is fair and which asks the wealthy and powerful to start paying their fair share of taxes,” Sanders said.
There are four specific provisions that Sanders has in his crosshairs, according to a fact sheet on his website: an exemption for real estate from passive loss rules, an exemption for real estate from at-risk rules, like-kind exchanges and debt and depreciation."*
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Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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