NPR.
All across the country, there are efforts to tax the wealthy more,
from California voting on a billionaire wealth tax to Washington state.
In March, it just approved a new tax on individuals or couples earning a million dollars or more a year.
Now, a common criticism of these state policies is that wealthy people would just move out of state to avoid those taxes.
But avoiding taxes by moving is a lot harder if those taxes are set at the federal level.
In March, Bernie Sanders introduced a bill for a 5% wealth tax on billionaires.
And Democratic Senator Chris Van Hollen has a bill to make high earners pay more tax.
What's interesting about Chris's bill is that it's also a bill for big tax cuts for lower earners.
My goal is to ensure that people who are working paycheck to paycheck,
in other words, struggling to make ends meet, that they do n't have to pay a federal income tax.
This is The Indicator from Planet Money.
I'm Darian Woods.
And I'm Adrian Ma.
Today on the show, tax cuts for the middle and working classes and tax hikes for the rich.
What's behind this trend?
Well, we'll ask Senator Chris Van Hollen to explain his bill and hear from a tax expert who has some reservations.
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