Strengthen Social Security by Taxing Dynastic Wealth Act

This bill would change federal estate and gift taxes starting with deaths and gifts after December 31, 2026. It would set the estate tax exemption at $3.5 million and the gift tax exemption at $1 million, with a top estate tax rate of 45 percent on amounts over $1.5 million. It would combine the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund into a single Social Security Trust Fund starting January 1, 2027. It would also send all estate and gift tax revenue to that combined Social Security Trust Fund.

Full text and official record on Congress.gov

Sponsors

• Chris Van Hollen Democrat sponsor
• 0 cosponsors