Since the 1980s, tax reduction benefits have gone disproportionately to the wealthiest Americans and corporations, forcing working and middle class families to bear a greater share of the tax burden.

Major tax reform is needed to make the wealthy and corporations fund a society that works for us all.

Under FDR and Eisenhower policies, top marginal tax rates were as high as 90% for top earners - and our economy saw 30 years of incredible growth for the middle class and working families. And those top earners still earned enough after taxes to be incredibly wealthy.

In order to return prosperity to the vast majority of people of the United States, I support the following policy:

• Reduce the marginal tax rate of the lowest 5 tax brackets (for people earning less than $243,725)

• Create several new marginal tax brackets, including a 90% tax rate on earnings over $2,500,000

• Increase the corporate tax rate to 35-50% for the largest mega-corporations

• Create tax exemptions for SBA-classified “Small Businesses” (ranging from $1M-$40M in revenue or from 100-1,500 employees, with some variation in different industries.)

• Direct the Department of the Treasury and the Congressional Budget Office to examine how a progressive tax based on the calculated asset value growth each year rather than earned capital gains, for people over a certain level of wealth, would impact the United States. A structured tax like this has the potential to recapture revenue from excessively wealthy people who avoid paying gains taxes by using loan schemes.

• Tax penalties on companies using profits for tax buybacks rather than worker wage increases

• Tax penalties on corporations where executive staff are compensated at a rate higher than 10x the median employee’s wages.

• I do not support current efforts to repeal the Estate Tax (aka the "Death Tax Repeal Act"). This legislation, introduced in 2025, is one of the few anti-austerity measures in our tax code. Fewer than 0.1% of all estates are subject to the estate tax, and it is a way to prevent wealthy families from continuing to maintain excessive wealth and influence across generations.