Taxes on the wealthy

How much the highest earners and wealthiest households pay in taxes compared with other Americans, including top income tax rates and taxes on investment gains, fund managers' carried interest, inheritances and great fortunes.

Close tax loopholes used by the wealthy

6 members
Roy Cooper
Senate · North Carolina · Democrat
“Instead of these tax breaks and continued loopholes for the very wealthiest among us, let’s focus it on everyday families.”
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Abdul El-Sayed
Senate · Michigan · Democrat
“The ultrawealthy should no longer be able to hide behind loopholes that leave them paying lower tax rates than the rest of us.”
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“Toward that end, I support taxing capital gains over $1 million at the same rate as ordinary income and closing the stepped-up basis loophole.”
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Peggy Flanagan
Senate · Minnesota · Democrat
“Instead of fighting for regular folks, Congress passes bills that give corporations and the wealthiest Americans special treatment: from tax loopholes to limits on what they pay into Social Security and Medicare. Peggy will fight to stop this special treatment and unrig our system for you and me.”
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Troy Jackson
Senate · Maine · Democrat
“Maine’s tax code is upside down. Working and middle-class families pay their taxes every paycheck, while the wealthiest people and biggest corporations too often benefit from loopholes, low rates, and special treatment. Troy Jackson believes it is time to fix that.”
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James Talarico
Senate · Texas · Democrat
“His anti-corruption agenda bans super PACs and corporate PACs, bans stock trading by members of Congress, and closes billionaire tax loopholes.”
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“Pass a cost-of-living tax cut for the middle class: Expand the Child Tax Credit and Earned Income Tax Credit, restore the ACA Tax Credits, and provide a tariff rebate to Americans who have been paying too much for everything, and pay for it by closing tax loopholes and making the wealthiest Americans and giant corporations pay their fair share.”
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“Make billionaires pay their fair share in taxes — including by imposing a higher tax on their income and capital gains and ending the dubious “buy, borrow, die” loopholes that billionaires use to grow untaxed wealth.”
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Josh Turek
Senate · Iowa · Democrat
“Cut taxes for the middle class and working families and close loopholes for billionaires and big corporations.”
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Raise taxes on the wealthy

5 members
Abdul El-Sayed
Senate · Michigan · Democrat
“This endorsement affirms Abdul’s commitment to the Working Families Guarantee, a policy platform that seeks to create a more affordable and dignified America for the working class. It includes a commitment to more affordable housing and healthcare, creating a national program to help workers find union jobs, guaranteed low-cost childcare, and 12 weeks of paid family and medical leave – achievable by taxing the ultra-wealthy and eliminating big money in our politics.”
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“I also believe that we should be taxing billionaires’ wealth. Why? Because I care more that we provide things like childcare and healthcare and good schools and good roads, than allowing a billionaire to make their second billion.”
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“I believe in right-sizing our tax code to take on the outsized power of excess wealth in our economy and democracy.”
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Troy Jackson
Senate · Maine · Democrat
“Tax the billionaires and greedy corporations.”
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“Jackson Promises To Protect Social Security, Lower Health Care Costs, Ensure Billionaires Pay Taxes”
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“Put working people first: Cut taxes for working people, make corporations and the wealthy pay their fair share, and strengthen the right to organize.”
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“Tax billionaires and make large corporations pay their fair share”
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“Billionaires and big corporations aren't paying their fair share while working families struggle to make ends meet. Troy will make them pay, including by lifting the cap so the wealthiest Americans pay into Social Security at the same rate working people do.”
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Juliana Stratton
Senate · Illinois · Democrat
“Passing a Tax Cut for the Middle Class, Paid for with a Tax Increase on those Making More than a Million Dollars a Year”
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James Talarico
Senate · Texas · Democrat
“In the Senate, he’ll cut taxes for working people, cap credit card interest rates, and lower the cost of rent, groceries, utilities, and gas by making billionaires and giant corporations pay their fair share.”
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“We should tax trillionaires out of existence.”
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“Pass a cost-of-living tax cut for the middle class: Expand the Child Tax Credit and Earned Income Tax Credit, restore the ACA Tax Credits, and provide a tariff rebate to Americans who have been paying too much for everything, and pay for it by closing tax loopholes and making the wealthiest Americans and giant corporations pay their fair share.”
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“Create a fairer tax system: Make giant corporations and the wealthiest Americans pay their fair share of taxes. (That way, we can cut taxes for working families and small businesses.)”
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“Make billionaires pay their fair share in taxes — including by imposing a higher tax on their income and capital gains and ending the dubious “buy, borrow, die” loopholes that billionaires use to grow untaxed wealth.”
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Josh Turek
Senate · Iowa · Democrat
“Strengthen Social Security by ensuring billionaires pay their fair share.”
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Repeal or block tax cuts for the wealthy

4 members
Annie Andrews
Senate · South Carolina · Democrat
“End tax breaks for the ultra-wealthy and corporate polluters”
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Roy Cooper
Senate · North Carolina · Democrat
“Instead of these tax breaks and continued loopholes for the very wealthiest among us, let’s focus it on everyday families.”
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“And it’s why I supported common-sense tax cuts for hardworking families who need them the most and opposed tax breaks for the wealthy.”
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“We need to give the breaks to families, not the wealthiest among us.”
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Troy Jackson
Senate · Maine · Democrat
“In 2011, former Governor Paul LePage slashed funding for education, property tax relief, first responders, pensions for state workers and more, all so he could give tax breaks to his wealthy friends. Troy was one of only a handful of Democrats who stood strong and refused to support that bogus plan.”
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“I think you pay for it by where we put our money. Repeal the Big Beautiful Bill, take back those tax cuts for the wealthy”
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“Troy wants a tax code that puts more money back in the pockets of working and middle-class families instead of continuing to shower benefits on the wealthy and well-connected.”
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Chris Pappas
Senate · New Hampshire · Democrat
“Instead of giving big tax breaks to billionaires and big corporations, let’s invest in the middle class, in things like housing and child care, that will grow the economic pie and provide some relief to folks who need it.”
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Raise income tax rates on millionaires and top earners

4 members
Abdul El-Sayed
Senate · Michigan · Democrat
“I support raising the marginal tax rate on earnings over $1 million and a billionaire tax on wealth over $1 billion.”
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Troy Jackson
Senate · Maine · Democrat
“Maine’s tax code is upside down. Working and middle-class families pay their taxes every paycheck, while the wealthiest people and biggest corporations too often benefit from loopholes, low rates, and special treatment. Troy Jackson believes it is time to fix that.”
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“For too long, working and middle-class families have carried too much of the load while the very wealthy have been allowed to skate by. The Millionaires Tax is about basic fairness.”
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Juliana Stratton
Senate · Illinois · Democrat
“Passing a Tax Cut for the Middle Class, Paid for with a Tax Increase on those Making More than a Million Dollars a Year”
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James Talarico
Senate · Texas · Democrat
“Make billionaires pay their fair share in taxes — including by imposing a higher tax on their income and capital gains and ending the dubious “buy, borrow, die” loopholes that billionaires use to grow untaxed wealth.”
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Raise taxes on capital gains and investment income of the wealthy

3 members
Abdul El-Sayed
Senate · Michigan · Democrat
“Toward that end, I support taxing capital gains over $1 million at the same rate as ordinary income and closing the stepped-up basis loophole.”
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Troy Jackson
Senate · Maine · Democrat
“Troy also supports a tax on wealth proceeds so that income generated through accumulated wealth is no longer shielded from the kind of responsibility working people already carry every day. Wealth should not get special treatment just because it is structured differently on paper.”
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James Talarico
Senate · Texas · Democrat
“Make billionaires pay their fair share in taxes — including by imposing a higher tax on their income and capital gains and ending the dubious “buy, borrow, die” loopholes that billionaires use to grow untaxed wealth.”
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Create a wealth tax on the largest fortunes

2 members
Abdul El-Sayed
Senate · Michigan · Democrat
“Taxing the top tier of wealth in this country is one way to finally build an America that works for working people. The Fair Share Tax Agenda is about unrigging a system that has placed an undue burden on working Michiganders while giving corporations and billionaires a free pass.”
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“Taxing billionaire wealth to reduce billionaire power over our economy and democracy”
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“Abdul supports taxing billionaire wealth akin to policies proposed by Sen. Bernie Sanders, Rep. Ro Khanna, and Sen. Elizabeth Warren and will champion proposals that will reduce the wealth and power of the ultra-rich and return it to working people.”
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“I also believe that we should be taxing billionaires’ wealth. Why? Because I care more that we provide things like childcare and healthcare and good schools and good roads, than allowing a billionaire to make their second billion.”
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“Billionaires should pay their fair share back into the system. I believe that means we have to pass a wealth tax. I think when you start taxing billionaire wealth, you have the opportunity to return trillions of dollars back to the economy to allow other people to participate.”
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“I think we should tax billionaire wealth, take some of that money, bring it back to public education. Take some of that money, build schools and roads, provide health care, provide child care.”
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“Taxing Billionaire Wealth”
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“I also support taxing inheritance greater than $1 million like ordinary income and imposing a progressive tax on wealth held by trusts.”
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“I support raising the marginal tax rate on earnings over $1 million and a billionaire tax on wealth over $1 billion.”
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Troy Jackson
Senate · Maine · Democrat
“Troy supports working with other states on an interstate compact to pursue taxation of ultra-high net worth households, including a minimum 5 percent annual tax on assets above $1 billion.”
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Lift the cap on Social Security payroll taxes

2 members
Peggy Flanagan
Senate · Minnesota · Democrat
“Instead of fighting for regular folks, Congress passes bills that give corporations and the wealthiest Americans special treatment: from tax loopholes to limits on what they pay into Social Security and Medicare. Peggy will fight to stop this special treatment and unrig our system for you and me.”
View on their website ↗
Troy Jackson
Senate · Maine · Democrat
“Billionaires and big corporations aren't paying their fair share while working families struggle to make ends meet. Troy will make them pay, including by lifting the cap so the wealthiest Americans pay into Social Security at the same rate working people do.”
View on their website ↗

Cut taxes on estates and top incomes

2 members
Kurt Alme
Senate · Montana · Republican
“Kurt served as Director of the Department of Revenue under Governor Judy Martz where he spearheaded the largest income tax rate cut in state history – cutting the top rate by almost 40% and saving income taxpayers over half a billion dollars in just the first five years.”
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Andy Barr
Senate · Kentucky · Republican
“Andy delivered the largest tax cut in history to farmers, ending the death tax on 2 million family farms and expanding crop insurance to record levels.”
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“Barr emphasized his work alongside President Donald Trump to deliver historic tax relief and agricultural investments benefiting family farms and rural businesses. He highlighted the permanent increase of the Death Tax exemption to $30 million for married couples, protections for family-owned farms, expansion of the small business deduction for pass-through entities, and new capital gains incentives designed to help keep farmland in the hands of farmers.”
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End the carried interest tax break for fund managers

1 member
James Talarico
Senate · Texas · Democrat
“Make corporations pay their fair share in taxes — including by raising the corporate tax rate (it has fallen by HALF since the mid-1980s!), ending the “carried interest” tax loopholes that allow hedge funds to avoid paying billions that they owe, and rolling back other extreme tax breaks that allow the largest corporations to pay $0 in federal income taxes.”
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Raise taxes on large inheritances

1 member
Abdul El-Sayed
Senate · Michigan · Democrat
“I also support taxing inheritance greater than $1 million like ordinary income and imposing a progressive tax on wealth held by trusts.”
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Raised the issue without a specific call

1 member
Sherrod Brown
Senate · Ohio · Democrat
“With all the craziness coming out of Washington, including giving massive tax breaks to corporations and billionaires at the expense of hardworking Ohioans, Sherrod knows he has the ability to do something about it, and that’s why he’s running for Senate.”
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