Specifically, what should the democratic party do, to both broaden its appeal to voters and to actually help the majority of the people for whom they are supposed to be working.
First, I suggest we propose an increase in capital gains taxes. What are the current rates? Aren't they like half of what they were when Bill Clinton took office? They were cut too much, if I'm not mistaken from around 30% to around 15%. Republicans are trying to cut them even further. Many republicans in Congress are even trying to eliminate capital gains tax entirely. If those republicans are successful, that action alone would greatly increase the inequality that's already crippling our country.
Second, increase personal income taxes on those making over $200k per year. How does that all work. I know someone more knowledgeable on these rates can post here and offer some more information.
Third, remove the loopholes for tax-cheating large corporations. The rationale is that they are creating jobs here. But what about those that don't create jobs here?
Fourth, ease the tax burdens on the working poor. If it were up to me, there would be zero income taxation on anyone earning less than, say, $60,000 per year. And certainly zero on anyone earning, say, $30,000 per year.
I believe the democratic party should go more populist. More progressive. More in line with the majority of the working middle class, the working poor, the large majority of people! Any thoughts or suggestions by any other posters here are greatly welcome.
I'm all ears on this. What are some other thoughts of other posters here?
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