{"id":1373392,"date":"2023-12-05T20:55:46","date_gmt":"2023-12-05T20:55:46","guid":{"rendered":"http:\/\/radiofree.asia\/?guid=ba9da604fcc38a13b3838378f86e89ac"},"modified":"2023-12-05T20:55:46","modified_gmt":"2023-12-05T20:55:46","slug":"democrats-seek-to-end-major-billionaire-tax-avoidance-scheme-in-new-senate-bill","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2023\/12\/05\/democrats-seek-to-end-major-billionaire-tax-avoidance-scheme-in-new-senate-bill\/","title":{"rendered":"Democrats Seek to End Major Billionaire Tax Avoidance Scheme in New Senate Bill"},"content":{"rendered":"<p>Senate Finance Chair Ron Wyden (D-Oregon) introduced a bill last week aimed at bringing an end to loopholes in the tax code that have, for decades, allowed the wealthiest Americans to avoid paying taxes on a huge portion of their incomes and assets. The Billionaires Income Tax Act takes aim at a practice known as &ldquo;buy, borrow, die&rdquo; by taxing unrealized capital gains, the very heart of the three...<\/p>\n<p><a href=\"https:\/\/truthout.org\/articles\/democrats-seek-to-end-major-billionaire-tax-avoidance-scheme-in-new-senate-bill\/\" rel=\"nofollow\">Source<\/a><\/p>\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/truthout.org\/articles\/democrats-seek-to-end-major-billionaire-tax-avoidance-scheme-in-new-senate-bill\/\">Latest \u2013 Truthout<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>The bill takes aim at a practice known as \u201cbuy, borrow, die,\u201d in which billionaires borrow extensively off their assets.<\/p>\n","protected":false},"author":1459,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37531,1704,5943,4,5950,71865,18966,5944],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1373392"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/1459"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=1373392"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1373392\/revisions"}],"predecessor-version":[{"id":1373393,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/1373392\/revisions\/1373393"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=1373392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=1373392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=1373392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}