Bernie Sanders: Republicans want to repeal the estate tax which, if implemented, would give “Elon Musk’s family a tax break of $83 billion.”
for individuals and $26 million for couples, the tax largely only affects the richest Americans.
“And then, in order to pay for this, they’ve got another brilliant idea. In this state and in Vermont, you’ve got elderly people struggling to pay for their prescription drugs, struggling to heat their homes and these guys want to cut Social Security, Medicare and Medicaid,” he continued, to loud boos from the audience.
“If this repeal of the estate tax went into effect, Elon Musk’s family, they would get a tax break of $83 billion,” he said. “Now, frankly, I don’t have anything against Elon Musk’s kids, I don’t know who they are, I have nothing against them. But they don’t deserve to get $83 billion.” that would repeal the estate tax — a move clearly aimed at allowing billionaires and the richest Americans to consolidate their wealth while sapping the government of needed funds.that includes proposals to repeal prescription drug cost-saving measures and provisions to make Affordable Care Act premiums more expensive, moves that would pilfer money from the bank accounts of the working class.