The COVID-19 recession has exposed deep racial and gender inequities in our economy, and we need significant and sustained public investments to address the inequities and build an equitable recovery. Raising taxes on the wealthy and big corporations would not only help support long-term investments in areas like child care, paid leave, and health care, it would also make the tax code more progressive and advance racial, gender, and economic equity.
This issue brief outlines revenue raising tax policies, including:
- raising taxes on corporations and wealthy individuals,
- taxing income from capital like income from work,
- meaningfully taxing inheritance, and
- strengthening tax enforcement on the rich and powerful.