O’Rourke Wants To Increase Corporate And Capital Gains Taxes. JOHN HARWOOD: “What sounds right to you?” BETO O’ROURKE: “I think you at a minimum roll back the worst elements of the Trump tax cuts. So the top marginal tax rate back up to 39%. If you were to do that, and in addition make some other structural changes to our tax code — the corporate tax rate, which was brought down from 35% to 21%, bring that back up to 28% — great place to start. And as you probably know, you generate hundreds of billions of dollars over the next 10 years. If you were to tax capital at the same rate that you tax ordinary wage income, like the waiters who are working here, you also get to some greater structural correction to a very unequal economy, and you generate the revenue necessary.” (John Harwood, “Beto O’Rourke Begins Filling In The Blanks On The Economy, Taxes And Entitlements,” CNBC, 7/5/19) O’Rourke Supports Sen. Elizabeth Warren’s Proposed Wealth Tax, Which Would Levy A Tax On Assets Independent Of Income. “Democratic presidential hopeful and former Congressman Beto O’Rourke said he would support taxing the wealth of the country’s super-rich following a campaign stop in South Carolina on Friday, embracing a proposal first unveiled by fellow presidential candidate Sen. Elizabeth Warren (D-Mass.). … Warren’s proposal would levy a 2 percent tax on assets over $50 million and a 3 percent tax on assets over $1 billion, part of an ambitious slate of policy ideas she has proposed to curb economic inequality.” (Igor Bobic, “Beto O’Rourke Says He Supports A Wealth Tax,” Huffington Post, 3/22/19) In 2018 O’Rourke Voted Against H.J.R. 2. (H.J.R. 2, Motion To Suspend The Rules And Pass, U.S. House Of Representatives, 233-185-11, 4/12/18, O’Rourke Voted Nay)
In 2015 O’Rourke Voted Against H.R. 1105, The “Death Tax Repeal Act.” (H.R. 1105, On Passage, U.S. House Of Representatives, 240-179-12, 4/16/15, O’Rourke Voted Nay) In 2014 O’Rourke Voted Against H.R. 4935. (H.R. 4935, On Passage, U.S. House Of Representatives, 237-173-22, 7/25/14, O’Rourke Voted Nay)
O’Rourke Wants To Raises Taxes On Oil And Gas Producers. “Beto O’Rourke released a proposal Monday outlining his plan to slash carbon emissions and finally wean the United States off of fossil fuels. … The $5 trillion proposal would be catalyzed by an initial $1.5 trillion investment, which his campaign says would be funded by ‘structural changes to the tax code’ that end corporate tax breaks for fossil fuels and other industries.” (Kate Wheeling, “Can Ending Fossil Fuel Subsidies Pay For Beto O’Rourke’s Climate Plan?,” Pacific Standard, 4/30/19) O’Rourke Wants To Eliminate The Tax-Exempt Status For Churches That Oppose Same-Sex Marriage. LEMON: “Do you think religious institutions — like colleges, churches, charities — should lose their tax-exempt status if they oppose same-sex marriage?” O’ROURKE: “Yes. There can be no reward, no benefit, no tax break, for anyone or any institution, any organization in America, that denies the full human rights and the full civil rights of every single one of us, and so as president, we are going to make that a priority and we are going to stop those who are infringing upon the human rights of our fellow Americans.” (Patrick Svitek, “Beto O’Rourke Says Religious Institutions Should Lose Tax-Exempt Status If They Oppose Gay Marriage,” Texas Tribune, 10/11/19) Governor Abbott will LOWER taxes for all Texans
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