To prevent the rise of a new aristocracy, we need to raise the estate tax—a tax on inherited wealth. And we need to do it now.
The richest 1 percent of Americans hold 42 percent of our nation’s wealth.1 We haven’t seen this concentration of wealth since the Gilded Age of the late 1800s. Raising the estate tax on the wealthiest Americans is one way to fight back against growing inequality.
Yet some lawmakers in Congress actually want to eliminate the tax on inherited wealth.
MoveOn.org Political Action is a federal political committee which primarily helps members elect candidates who reflect our values through a variety of activities aimed at influencing the outcome of the next election.