The tax code is riddled with loopholes that reward wealth over work and allow those at the top to avoid paying what they owe. Meanwhile, working families and small businesses carry the burden, and we’re building up debt at a level that’s going to bankrupt our kids and grandkids. 

We need a tax system that is progressive, fair, simple, and enforced. That means closing ridiculous loopholes, making it harder to shield huge fortunes from taxes for generation after generation, and ensuring the wealthiest Americans and biggest corporations actually pay their fair share. 

Why does this matter? Because right now, we’re racking up levels of deficits and debt that are going to crush our economy in the long-run. We’re literally borrowing from our kids to fund loopholes for the ultra-wealthy today. 

Here's my plan:

1. Close Ridiculous Loopholes

End multiple loopholes that benefit only the wealthiest Americans, from the carried interest loophole which lets hedge fund managers treat their fees as capital gains, to the loopholes that allow wealthy families to avoid tax liabilities by borrowing against their assets and passing investments onto their heirs without paying capital gains.

Curb permanent wealth concentration by increasing the estate tax and ending dynastic trusts, so the ultra-wealthy can’t shield assets that exist in perpetuity, indefinitely transferring wealth across generations while avoiding gift, estate, and generation-skipping transfer taxes.

2. Make the Wealthiest Americans and the Biggest Corporations Pay a Fairer Share

Make the richest Americans pay a fairer share by reversing decades of tax cuts for the ultra-wealthy, rolling back Trump’s tax cut for high income earners, and adding two new top income tax brackets.

Make the capital gains tax more progressive so earnings from long-term investments aren’t taxed at far, far lower rates than ordinary income.

Make big corporations pay what they owe by restoring the corporate tax rate back to the pre-Trump rate of 35% or at minimum to 28%, while shutting down offshore tax avoidance schemes that allow corporations to dodge taxes by offshoring profits.

Actually enforce tax laws against the wealthiest Americans and biggest corporations, which use armies of lawyers and accountants to dodge what they owe — and which the Trump administration has made easier by gutting the IRS.