Biden's 'Zombie Tax' will Haunt the Living

Biden's 'Zombie Tax' will Haunt the Living
(AP Photo/Evan Vucci)
Democrats are unapologetic about their plans to significantly increase taxes on what they loosely define as "wealth." Senators Chris Van Hollen, D-Md., Cory Booker, D-N.J., Bernie Sanders, I-Vt., Sheldon Whitehouse D-R.I., and Elizabeth Warren, D-Mass., have proposed such a tax and President Biden is including it in his American Families Plan to help cover the whopping $1.8 trillion price tag. Deceptively named the Sensible Taxation and Equity Promotion (STEP) Act, it is more aptly known as the "Zombie Tax."
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