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Public Statements

Issue Position: Tax Reform

Issue Position

Location: Unknown

I support ending loopholes and reducing tax rates to make our code fairer and to ensure a strong middle class.
I oppose raising income taxes on people who make less than $250,000 a year.
I support changing our tax code so that individuals making more than $250,000 would return to Clinton-era tax levels and ending the Bush tax cuts for the wealthy.
I support the Buffett Rule and believe the wealthiest should pay their fair share. No secretary should pay a higher tax rate than their billionaire boss and I think this is clearly a matter of justice and economic opportunity for the middle class.
I support treating capital gains and carried interest as personal income. Whether you make your income from stock trading or selling hot dogs, your income should be treated the same.
I support lowering all personal income tax brackets evenly with the above fix so the majority of Americans pay less in taxes without adding to the deficit.
I will work to make our tax code rewards job creation and investment in the United States, not the outsourcing of jobs.

Paul Ryan and other Republicans have fought for years to warp our tax system. Millionaires like Mitt Romney pay as little as 13.9%, while the middle class is paying much more. Warren Buffett made this issue famous when he talked about his tax rate being lower than that of his secretary.

The reason we have billionaires paying less than their secretaries comes from loopholes like capital gains and carried interest. These loopholes benefit financial professionals, who make their money from investments instead of a paycheck. I think income is income, and should be taxed the same.

I propose using the revenue from ending these special loopholes to lower the income tax rate for all income levels. Instead of just giving huge tax breaks to wealthy investors, we should apply it to lower all income tax brackets equally. This would help the vast majority of Americans and not add to the deficit.

I also support a return to Clinton-era levels for those making incomes of $250,000 or more. This additional revenue would reduce the deficit. We just can't afford Bush tax cuts for the wealthy anymore.

I oppose raising taxes on those earning less than $250,000.

This system would be better for 99% of Americans and it would help revive the economy as the middle class experiences a rising quality of life from a tax system designed to benefit the people, not lobbyists.

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