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Tom Steyer on Tax Reform

Democratic Presidential Challenger; CEO

 


Oppose legislative supermajority for raising fees & levies

Source: Ballotpedia.org on California ballot measure voting records , Jul 2, 2019

Tax surcharge on personal incomes over $250,000

Source: Ballotpedia.org on California ballot measure voting records , Jul 2, 2019

Tax reform bill keeps the rich happy but hurts middle class

"It turned out that the system that had benefited people like me, was in fact stacked against everyone else. It's why I left my investment firm and resolved to use my savings for the public good," Steyer says. "But here we are, 9 years later, and this President and a Republican Congress are making a bad situation even worse."

"They won't tell you that their so-called tax reform plan is really for the wealthy and big corporations while hurting the middle class. It blows up the deficit," he says.

Source: CNN coverage, "$10M ad buy" on 2020 presidential hopefuls , Oct 16, 2017

Implement 1 percent annual wealth tax on America's richest

Along with filling in the holes of our Swiss cheese tax code, Congress should institute a new type of tax altogether: a 1 percent annual wealth tax on the top .1 percent of Americans. Here's what that would look like. If you are worth more than $20 million, you'll pay a single penny on every dollar you have above that level. No deductions, no exemptions, no loopholes at all. Every .1 percenter pays.
Source: Steyer Op-Ed in USA Today by 2020 presidential hopefuls , Oct 22, 2016

Other candidates on Tax Reform: Tom Steyer on other issues:
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Page last updated: Jul 18, 2019