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Howard Schultz on Tax Reform

Starbucks CEO; independent candidate for President until July 2019

 


Would increase taxes on rich, sketchy on details

Schultz agreed it would be important to raise taxes on the wealthy, but he was unable to say by how much. He acknowledged that economic inequality should be fixed but provided scant details on how that can be achieved, only characterizing progressive plans to tackle inequality as "socialism."
Source: Mother Jones mag.: 2019 SXSW for 2020 presidential hopefuls , Mar 1, 2019

Tax cuts for the middle class; but wealthy pay more

Let's turn to our tax code. Today, our tax code is unfair and too complicated. Yet we have been living with it for so many years because the broken two-party system does not want to fix it, it's not in their interest. The code is full of loopholes and carve outs bought and paid for by special interest groups. Who do those special interest groups work for? Our representatives.

We need to talk about reforming the tax code. Not with bumper-sticker slogans, but with tax cuts for the middle class and small businesses to spur hiring and economic growth. I myself should be paying higher taxes, and all wealthy Americans should have to pay their fair share. I think we can all agree on that. Let's create the predictable, simple, and fair tax system America needs and deserves. And by the way, the people deserve to see the tax return of anybody who is running for president.

Source: Purdue Univ. speech on 2020 Presidential Campaign website , Feb 7, 2019

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Page last updated: Jan 28, 2020