Capital gains and carried interest currently receive favorable treatment by the tax code. This privileges investors over workers and promotes speculation.


It’s irrational that we privilege capital gains and investment income versus earned income. The top 20% own 92% of the stock market, and the bottom half of Americans own essentially zero. We should be encouraging and rewarding work first and foremost. An investor should not be paying a lower tax rate on gains than the person who is working hard every day. I’ve worked and invested and working is a lot harder.
— Andrew


Problems to be Solved

  • Capital gains and carried interest are given favorable tax treatment relative to earned income from labor.
  • Raise revenue
Guiding Principles
  • Equity


As President, I will…

  • Propose an end to favorable tax treatment for capital gains and carried interest. Ending the carried interest treatment loophole alone would generate $18 billion per year in revenue and ending favorable treatment of capital gains would generate tens of billions more.