1. United States
  2. N.J.
  3. Letter

An Open Letter

To: Sen. Kim, Sen. Booker

From: A constituent in Bridgewater, NJ

June 11

I’d like the Senator to co-sponsor the ROBINHOOD bill introduced by Senator Ruben Gallego. The Redistribution Of Billions by Instituting New High-income Obligations on Overlooked Debt (ROBINHOOD) Act would close the ‘borrow’ aspect of the ‘buy, borrow, die’ tax loophole that is used by the ultra-wealthy to finance extravagant spending without paying income or capital gains taxes. The provisions of the bill apply to taxpayers who have an income over $100 million and/or assets worth more than $1 billion. This bill is common sense and must be passed. Please co-sponsor it now. Thanks!

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