Joe Biden has now entered the White House as our 46th President and this month’s Senate elections in Georgia mean that both the House and Senate will have a Democratic majority in the 117th Congress.
Our tax system needs major work. We need your help to get this platform passed by Congress.
As a first step, we must repeal the 2017 tax cut legislation that showered millionaires and billionaires with ridiculous handouts, while adding nearly $2 trillion to the deficit.
Increase the tax rate for corporations, close loopholes that benefit Wall Street investors and high-paid CEOs over average Americans. A small tax on Wall Street trades could create $777 billion in new revenues over the next decade.
Public education, health care for seniors and low-income individuals, aid for the less physically and mentally able,
providing nutrition assistance to the hungry, rebuilding roads and water pipes, tackling climate change and growing green jobs-- the list of communities’ needed investments is endless. By asking the very wealthy to pay more of their fair share, we will have more money to give a hand up to those who need it most.
We need to make paying taxes as easy as possible; audits and other enforcement by the IRS should concentrate more on big-money taxpayers and corporations to maximize the agency’s bang for the buck.
Finally, nonprofit organizations need bright line rules on political activity and adequate enforcement in order to
protect and encourage democracy.