United States · Bill · S
S. 1950 (116th)
Strengthen Social Security by Taxing Dynastic Wealth Act
Introduced
25 June 2019
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Strengthen Social Security by Taxing Dynastic Wealth Act This bill returns the taxation of estates and gifts to levels that were in effect in 2009. This increases the maximum rate for estates and gifts to 45% and modifies exemptions. The bill also combines the existing Social Security trust funds into a single Social Security Trust Fund and provides for the deposit of increased estate and gift tax revenue into the consolidated trust fund.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 25 June 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 25 June 2019
Introduced in Senate
summary · EN · 25 June 2019
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/1950
- Open data entity: https://api.congress.gov/v3/bill/116/s/1950