Our Fair Share Tax Agenda
For too long, our tax policies have allowed corporations and billionaires to get away with skirting the rules and evading taxes. Meanwhile, we’ve failed to provide for Americans’ basic needs like healthcare and Social Security while forcing workers to pay far more than their fair share. Abdul believes our tax policy should serve these key goals:
- Taxing billionaire wealth
- Stopping corporate tax evasion and price gouging
- Rewarding companies that keep human jobs, rather than outsourcing to AI
Taxing billionaire wealth.
Abdul supports taxing billionaire wealth akin to policies proposed by Sen. Bernie Sanders, Rep. Ro Khanna, and Sen. Elizabeth Warren. These taxes should support fair pay for teachers, healthcare expansion through Medicare for All, direct cash transfers, capping childcare costs, eliminating medical debt and other domestic priorities. To understand what taxing billionaire wealth could provide us, we created a simple calculator.
Stopping corporate tax evasion and price gouging.
Abdul wants to stop big corporations from hiding their assets to evade taxes by cracking down on the shady practices that enable this rip off. He also plans to hold big corporations accountable for taking advantage of natural disasters, price shocks, or other unforeseen situations by requiring they pay back their ill-begotten gains through a temporary windfall tax.
Rewarding companies that keep human jobs, rather than outsourcing to AI
Right now, our tax system rewards companies for automating jobs rather than keeping on employees. We want to fix that system so that it rewards companies for keeping people, rather than automating them away.
Abdul’s campaign also created an online calculator Michiganders can now use to calculate just how much they could fund simply by taxing billionaire wealth.