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Policy

Capital Gain/Carried Interest Tax

Capital gains and carried interest currently receive favorable treatment by the tax code. This privileges investors over workers and promotes speculation.

Problems to be Solved

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    Capital gains and carried interest are given favorable tax treatment relative to earned income from labor.
  • 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.

Goals

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    Raise revenue

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.

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