Pete Buttigieg in Yahoo News

On Tax Reform: Financial transactions tax, wealth tax, and estate tax

Mayor Pete Buttigieg has criticized the 2017 tax reform bill signed by President Trump, saying it just provided tax cuts for the wealthy--again, nothing new when it comes to the 2020 Democratic presidential candidates. However, the mayor has hinted at a few tax increases that he would consider as president, including:

Higher income tax rates for the top brackets;
A "wealth tax" on the richest Americans;
A carbon tax;
A financial transactions tax; and
Eliminating unspecified corporate tax breaks.

He has also called for a "more equitable use of the estate tax," which could possibly mean lowering the exemption amount back down to pre-2010 levels. Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary Aug 12, 2019

The above quotations are from Yahoo News. Click here for other excerpts from Yahoo News. Click here for other excerpts by Pete Buttigieg. Click here for a profile of Pete Buttigieg.
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Page last updated: Jun 28, 2023