Reverse the Tax Cuts and Jobs Act tax cuts for the wealthy by restoring the 39.6 percent top marginal tax rate, up from 37 percent.
Cap the benefit of itemized deductions to 28 percent.
Expand several renewable-energy-related tax credits and deductions and end subsidies for fossil fuels.
Expand and make permanent the New Markets Tax Credit.
Establish a Manufacturing Communities Tax Credit.
Provide an $8,000 tax credit for individuals with children in child care.
Offer tax credits to small businesses for adopting workplace savings plans.
Expand the Earned Income Tax Credit to older workers.
Rates on Capital Gains and Dividends
Tax capital gains at the same rate as ordinary income for those earning more than $1 million.
Corporate Tax Rate
Raise the corporate income tax rate to 28 percent, up from 21 percent.
Create a 15% minimum book tax on firms with $100 million or more in net income that pay little to no federal income tax.
Double the tax rate on Global Intangible Low Tax Income (GILTI).
Eliminate the income cap on Social Security taxes.
Eliminate step-up in basis.
Reduce incentives for tax havens, evasion, and outsourcing; ensure corporations pay their fair share; and close other tax code loopholes that reward wealth, not work.
Stabilize the Highway Trust Fund by securing new revenues.
Equalize the tax benefits of defined contribution retirement plans.
Disallow tax deductions for prescription drug advertisements.https://taxfoundation.org/2020-tax-tracker
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