US: New website tracks tax plans of democratic presidential candidates
As the first Democratic presidential debates was getting underway, Americans for Tax Fairness Action Fund, a “diverse campaign in support of a fair tax system that works for all Americans in the United States of America”, launched a website detailing the tax plans or proposals of each candidate. Wealth taxes, higher capital gains taxes, stronger estate taxes, higher corporate tax rates, financial transaction and carbon taxes, and EITC and Child Tax Credit expansions are among the reforms detailed on the website, broken down by candidate and type of tax.
The website is titled Talking Taxes.
Americans for Tax Fairness also made available a one-page summary of the candidates’ major positions.
“In many cases, Americans for Tax Fairness explains, the tax proposal is accompanied by an explanation of how the candidate intends to use the additional revenue, such as for improved healthcare, education, infrastructure and environmental protection”.
“It’s surprising that this early in the 2020 race tax policy is emerging as a key issue and a defining one for Democrats,” said Frank Clemente, executive director of Americans for Tax Fairness Action Fund. “The utter failure of the Trump-GOP tax cuts to live up to the promises of more jobs and higher wages has given the candidates an opening to propose major tax increases as part of their campaign platforms. Virtually all candidates are saying they want to repeal or significantly roll back the Trump-GOP tax cuts. Candidates Back Nearly 100 Proposals for Progressive Tax Reform and Explain How They Would Invest the Added Revenue.”
The website offers formal tax proposals where they exist, but also more general statements on tax policy.