Mr. Van Hollen ... introduced the following bill; which was read twice and referred to the Committee on Finance
Support legislation to impose a tax on the assets of trusts.
Occurrences
Evidence
The Washington Post reported that Sen. Chris Van Hollen planned legislation to exempt roughly half of U.S. workers from federal income tax and pay for it with surtaxes on millionaires.
The ASSET entry says the proposal was guided by Rep. Chris Van Hollen and that its estate-tax reform would tax inherited assets at capital-gains rates when sold while reducing the need to shelter assets in trusts to avoid estate tax.
Assessments
The evidence shows Chris Van Hollen backed related wealth- and estate-tax ideas and was linked to proposals aimed at reducing trust-based tax avoidance, but it does not clearly show that he specifically wrote, sponsored, or formally supported legislation imposing a direct tax on the assets of trusts. That is enough for partial credit on the promise’s general policy direction, but not full delivery on the specific commitment as stated.