The proposal includes a repeal of President Trump's 2017 tax cuts for high earners, along with a new 5 percent 'surcharge' on incomes above $5 million per year. It would raise capital gains taxes for Americans earning more than $1 million a year and maintain a limit on federal deductions of state and local tax payments set under the 2017 law, which some Democrats have pushed to eliminate.
The Wall Street Journal reports that "Bloomberg's tax policies would place him in the middle of the pack of his rivals for the Democratic nomination."
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| 2024 Presidential contenders on Corporations: | |||
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Candidates for President & Vice-President:
V.P.Kamala Harris (D-CA) Robert F. Kennedy Jr.(I-CA) Chase Oliver(L-GA) Dr.Jill Stein(D-MA) Former Pres.Donald Trump(R-FL) Sen.J.D.Vance(R-OH) Gov.Tim Walz(D-MN) Dr.Cornel West(I-NJ) |
2024 presidential primary contenders:
Pres.Joe_Biden(D-DE) N.D.Gov.Doug Burgum(R) N.J.Gov.Chris_Christie(R) Fla.Gov.Ron_DeSantis(R) S.C.Gov.Nikki_Haley(R) Ark.Gov.Asa_Hutchinson(R) Former V.P.Mike Pence(R-IN) U.S.Rep.Dean_Phillips(D-MN) Vivek_Ramaswamy(R-OH) S.C.Sen.Tim_Scott(R) | ||
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