Senator Chris Van Hollen
speaker
290 appearances
6 recordings
6 series
first heard Jan 2026
last heard 30 May
Senator Chris Van Hollen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in May 2026 with 3.
Appearances
And never mean tax.
So years ago, and I will reintroduce it, I proposed something to get rid of stepped up basis.
Because what happens is, let's say we all make a billion dollars.
Let's, you know, okay, billion dollars.
And then, you know, we all die.
Not as good.
That billion dollars, the gains, is passed on tax-free to our heirs.
And so through what's called stepped up basis.
So my view is you get rid of that, but even that's probably not enough.
You need to begin with huge fortunes, like multi, you know, billion dollar fortunes to actually tax that with a wealth tax.
And there are a number of proposals you say, and I think all of them have good elements to them.
Bernie Sanders has one, Elizabeth Warren has one, Ron Wyden.
has one.
And I do think that we need to pursue that approach in addition to what we're talking about in this bill, which is income over a million dollars being taxed.
Some of that is also investment income, right?
That's not all wage income.
We do make sure that we are taxing those gains for people making over a million bucks a year.
It is a totally messed up system.
And, you know, it goes to the point where we say, like, you know, Warren Buffett's secretary has a higher effective tax rate than Warren Buffett or take any of these, you know, folks.
And so, yeah, there's no reason we should give preferential tax treatment to someone who's making money off of money compared to those folks who are making money through their paycheck and wages.
Showing 121–140 of 290 · page 7 of 15
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