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With big tax push, Democrats aim to tackle enormous gains of top 1 percent


But Jeffrey Sachs, a liberal economist and United Nations special adviser on economic issues, said Neal’s plan would take away only a small fraction of the huge gains made by the wealthiest Americans in recent decades. Neal’s plan would increase revenue from several sources, including by increasing tax enforcement, by about $260 billion a year. By contrast, Sachs said, the richest 1 percent currently receive about $4 trillion a year — and about $2 trillion more a year than they would have had if their share of national income had stayed the same since the 1980s.

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