The Finance 202: Proposals To Tax The Wealthy Are Gaining Steam

Elizabeth Warren and Bernie Sanders to former congressman Beto O’Rourke and South Bend, Ind., Mayor Pete Buttigieg. Chris Van Hollen will announce a new plan to impose a 10 percent surtax on income above $2 million. He intends to pair it with a provision to end the “stepped-up basis” treatment of inherited assets, which helps shield the ultrawealthy from income…