Published 3 months ago

Democrats blast life insurance plans as tax breaks for rich

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The Hill

Democrats blast life insurance plans as tax breaks for rich

Democrats on the Senate Committee on Finance took aim at “private placement life insurance” (PPLI) in a report released Wednesday, saying the specialized plans amounted to tax breaks for the wealthiest Americans. The report, authored by Chair Ron Wyden (D-Ore.), argued that PPLI policies are promoted to “ultra-high net worth clients” to avoid billions of…

3 months ago·Washington, United States

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