It’s irrational that we privilege capital gains and investment income versus earned income. The top 20% own 92% of the stock market, and the bottom half of Americans own essentially zero. We should be encouraging and rewarding work first and foremost. An investor should not be paying a lower tax rate on gains than the person who is working hard every day. I’ve worked and invested and working is a lot harder.
Problems to be Solved
- Capital gains and carried interest are given favorable tax treatment relative to earned income from labor.
As President, I will…
- Propose an end to favorable tax treatment for capital gains and carried interest. Ending the carried interest treatment loophole alone would generate $18 billion per year in revenue and ending favorable treatment of capital gains would generate tens of billions more.