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The DSA’s dangerous fine print. They're coming for millionaires (and you)

Wednesday, September 23, 2026


Abdul El-Sayed released tax proposals that would impose new levies on capital gains, inheritances, and trusts beginning at $1 million in value. El-Sayed, a Democratic Socialist Alliance member, did not specify enforcement mechanisms or implementation timelines in the initial announcement. The proposals would apply to assets above the $1 million threshold.

Original reporting: https://www.foxnews.com/opinion/dsa-dangerous-fine-print-coming-millionaires

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