"Our economy is unfair. The top 1% have more wealth than the bottom 50% combined. And inequality gets worse every day.
That's why I'm proposing a Democratic tax reform plan that will fix the system, reduce inequality, and reflect American values."
"My plan does three big things:
1. Increases the corporate tax rate to 25%, bringing it in line with global averages and generating hundreds of billions of dollars."
"2. Equates the rate between long term capital gains and ordinary income taxes, so money sitting in a bank account isn't worth more than money earned from a hard day's work."
"3. Steps up tax enforcement (by ending tax shelters, closing loopholes, investing in the IRS and more) to stop the tax cheats who cost the United States $500 billion per year from skipping out on what they owe and leaving the rest of us to foot the bill."
"This is the most effective revenue generating plan out there.
It will raise more than $3 trillion over the course of 10 years. That's nearly a trillion dollars more than Senator Warren's wealth tax would raise & it's more than even a 70% top marginal tax rate would raise."
"That's money we can use to combat the biggest challenges of our time: poverty, education, climate change, and healthcare.
Because that's what our tax money should be used for--not padding Amazon's balance sheet. And in my administration, it will be."
@sethmoulton