The last administration enacted a $2 trillion tax cut overwhelmingly
benefit the topping 1%,
the very wealthy, the biggest corporation,
and exploded the federal deficit.
They added more to the national debt than any presidential
term in American history.
Check the numbers, folks at home.
Does anybody really think the tax code is fair?
Do you really think the wealthy and big corporations need
another $2 trillion tax break?
I sure don't.
I'm going to keep fighting like hell to make it
fair under my plan.
Nobody earning less than
$400,000 or you'll pay additional penny in federal taxes.
Nobody. Not one penny.
And they haven't yet.
In fact,
the child tax credit I passed during the pandemic cut
taxes for millions of working families and cut child poverty
in half.
Restore that child tax credit.
No child should go hungry in this country.
The
way to make the tax code fair
is to make big corporations,
the very wealthy, begin to pay their fair share.
Remember, in
20/20/55 of the biggest companies in America made $40 billion
and paid 0 in federal income tax 0
Not anymore. Thanks to the law I wrote and we
signed,
big companies have to pay a minimum 15%,
but that's still less than working people pay in federal
taxes.
It's time to raise corporate minimum tax to at least
21%.
So every big corporation finally
begins to pay their fair share.
I also want to end tax breaks for Big Pharma,
Big oil, private checks, massive executive pay.
When it's only supposed to be a million
$1,000,000. It can be deducted.
They can pay them 20 million if they want,
but deduct a million. End it.
Now you know there are
1000 billionaires in America.
You know what the average federal tax is for those
billionaires?
No,
they're making great sacrifices. 8.2%.
That's far less than the vast majority of Americans pay.
No billionaire should pay a lower federal tax rate than
a teacher,
a sanitation worker, or a nurse.
I propose a minimum tax for billionaires of
25%. Just 25%. You know what that would raise?
That would raise $500 billion
over the next 10 years.
And imagine what that could do for America.
Imagine the future with affordable childcare millions of families can
get.
They need to go to work to help grow the
economy.
Imagine the future with paid leave,
because no one should have to choose between working and
taking care of their sick family member.
Imagine Imagine the future of home care and elder care
and people living with disabilities
so they can stay in their homes and family caregivers
can finally get the pay they deserve.