StatedForming — may evolve
Tax Reform
Broaden the base, lower the rates, tax capital gains as ordinary income
Why we hold this
Broaden the base and lower the rates. Eliminate most deductions and credits in exchange for lower marginal rates. Tax capital gains as ordinary income. Implement a carbon tax. Ensure the system raises enough revenue to fund actual commitments without growing the debt.
This position drives toward
Key Policy Points
- 1Simplify the code by eliminating most deductions in exchange for lower rates
- 2Tax capital gains and carried interest as ordinary income
- 3Revenue-neutral carbon tax to address climate while reducing other taxes
- 4Competitive but not rock-bottom corporate rate with fewer loopholes
- 5Automatic stabilizers that adjust rates based on economic conditions
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Issues serving the same outcomes
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Sustaining and improving healthcare programs that serve 150+ million Americans.
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Keeping promises to retirees while ensuring the programs survive for future generations.