Last week, we reported that the Left’s tax plan for next year is to let the Tax Cuts and Jobs Act expire, slashing the current $13.5 million estate tax exemption in half. Many liberals want to pass a bill sponsored by Massachusetts Senator Elizabeth Warren, that would cut the exemption all the way to $3.5 million and raise the rate from a flat 40%, to a three rate structure from 55% to 65%.

Our chart of the day shows the U.S. already has one of the highest death taxes in the world.  We would be the highest in the world under the Warren bill.