Tax Reform

It’s time families in Staten Island and South Brooklyn got their fair share of the prosperity they helped create. But for decades, special interests and giant corporations have used the tax code to rig the system and enrich themselves, even as wages and benefits for the American worker have stagnated. No corporation, no matter how big or powerful, should be able to exploit loopholes and rely on an army of lobbyists to avoid doing their part. And no company should be given a tax break for shipping jobs overseas or giving million-dollar bonuses to CEO’s while their workers struggle just to make it every day.  That doesn’t just weaken the economy, it’s immoral.

Max will fight for a tax system that gives hard working Americans a tax cut, not corporations. He’ll fight to roll back the Republican tax bill that raised our taxes, made it harder for the middle class to get ahead, and added $1.5 trillion dollars to the deficit. He’ll work to pass a bill that looks out for us, not the special interests. That means raising the long-term capital gains tax rate for the wealthy so that billionaires no longer pay a lower tax rate than firefighters or teachers.  It means raising the floor on the Alternative Minimum Tax – which has hurt middle class families– and meaningfully expanding the Earned Income Tax Credit to put more money in our wallets.  And it means closing loopholes, like the carried interest loophole, that allow big corporations to dodge taxes and lower the overall corporate tax rate so that small businesses receive a tax cut.

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