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![Cory Booker Estate Tax, Cory Booker step-up in basis, Cory Booker Tax, Expanding the estate tax, Eliminating step-up in basis](https://taxfoundation.org/wp-content/uploads/2019/09/Cory-Booker-3-300x200.jpg)
Booker’s Plan to Eliminate Step-up in Basis and Expand the Estate Tax
Removing step-up in basis would encourage taxpayers to realize capital gains and it would plug a hole in the current income tax, while increasing federal revenue. Combined, however, with the estate tax, this would result in a significant tax burden on certain saving by requiring both the appreciation in and total value of transferred property to be taxed at death
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