"The Biden Plan will make health care a right by getting rid of capital gains tax loopholes for the super wealthy. Today, the very wealthy pay a tax rate of just 20% on long-term capital gains. According to the Joint Committee on Taxation, the capital gains and dividends exclusion is the second largest tax expenditure in the entire tax code: $127 billion in fiscal year 2019 alone. As President, Biden will roll back the Trump rate cut for the very wealthy and restore the 39.6% top rate he helped restore when he negotiated an end to the Bush tax cuts for the wealthy in 2012. Biden’s capital gains reform will close the loopholes that allow the super wealthy to avoid taxes on capital gains altogether. The Biden plan will assure those making over $1 million will pay the top rate on capital gains, doubling the capital gains tax rate on the super wealthy."

Source: Joe Biden, "Health Care," joebiden.com (Aug. 29, 2019)

"Rather than failing to build the economy by reducing taxes on the wealthy, we need to actually build the economy by creating a strong foundation of purchasing power in the working class by ending poverty and economic insecurity.

First, we need to end the regressive payroll tax by lifting the $128,400 cap on Social Security taxes... Second, put in place more a progressive income tax, especially on the wealthiest... Third, institute a wealth tax... Fourth, increase the inheritance tax, reversing the trend of reducing such taxes... Fifth, tax wealth at the same rates we tax work... Sixth, put in place a progressive carbon tax as a tool to combat the climate crisis."

Source: Howie Hawkins, "Tax Day 2019: Time to End Taxes to Confront Inequality and Implement an Ecosocialist Green New Deal," howiehawkins.us, Apr. 15, 2019