Right now, we have a fundamentally broken tax system, one that is rigged in favor of Wall Street and the super rich, fueling massive inequality.

If we make the rich and corporations pay their fair share, it strengthens our democracy and enables everyone, Black, white and Brown, to share in the critical public investments that make it possible for us to thrive.

Since the very beginnings of our tax code, Wall Street has engineered it to benefit corporations and the super rich. We need a tax system that incentivizes the financial industry to support — not suck money out of — the real economy.

Here are a few legislative vehicles for restructuring the tax code so that it serves everyday Americans, and not Wall Street donors:

Tax outrageous gaps between CEO and worker pay

To address excessive CEO pay and economic inequality, we can raise the corporate tax rate on companies based on the size of the gap between the CEOs and the median worker pay. Read on>>

Raise the Stock Buybacks Tax

To raise revenue and discourage a practice that siphons money away from workers and communities and into the pockets of corporate executives and short-term stock traders, and raise revenue, increase the excise tax introduced in the Inflation Reduction Act from 1% to 4%. Read on>>

Reward work not wealth and end the Capital Gains giveaway

Stop subsidizing wealthy investors by getting rid of the capital gains tax rate altogether. The rich should not pay a lower tax rate than the rest of us do on our salaries. Lawmakers should equalize tax rates on income and capital gains for those earning over $1M. Read on>>

Or at least close the “Carried Interest” loophole

Close the tax loophole that allows private equity and hedge fund managers to mis-classify their salaries as investment income, and pay the much lower capital gains tax rate – instead of paying income tax like the rest of us. Read on >>

Charge a Wall Street Sales Tax

A Wall Street Sales Tax — also known as a financial transaction tax, speculation tax, or Robin Hood tax — is a small fee of a few cents per $100 that would be imposed on transactions in stocks, bonds, or derivatives, raising money for critical services and disincentivizing risky high frequency trading. Read on >>

Tax wealth

Taxing wealth is an important step towards ending the racial wealth divide in America. By taxing the excessive wealth of ultra-wealthy billionaires, we begin to unrig the system that preserves and increases fortunes of the super rich. Read on>>