Klobuchar Suggests Capital Gains Tax Hike and “Doing Something” About TCJA

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Posted by Adam Sabes on Tuesday, July 30th, 2019, 10:37 PM PERMALINK

2020 Democrat presidential candidate Amy Klobuchar said she would go about “changing” the capital gains tax and do “something” about the Tax Cuts and Jobs Act.

I would pay for it by first of all, changing the capital gains rate, by doing something when it comes to that regressive tax bill that left everyone behind but made his Mar-a-Lago friends richer as he promised,” said Klobuchar.

Voters are reminded that Democrats are united in their desire to impose capital gains tax increases on the American people. The party wants to raise the tax rate all the way up to the top personal income tax rate (which they also want to increase).

Klobuchar is dead wrong when she says that the TCJA is “regressive.” Even left-leaning media outlets state that middle-class Americans benefited from the tax cuts.

According to an H&R Block report, Americans received significant tax relief from the GOP tax cuts: “overall tax liability is down 24.9 percent on average.”

And in Klobuchar’s Minnesota, households received a 21.1% tax cut on average, acccording to the H&R Block report.

See more:

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Biden tweet: Ignore the fact I’ve already called for middle class tax hikes

Kamala Harris: “I Will Reverse” Trump’s Tax Cuts

Kamala Harris Calls for Repeal of Tax Cuts Four Times in Three Minutes

Julian Castro Caught Lying about GOP Tax Cuts

NYT: Bidencare Will be Funded by “rolling back” GOP tax cuts

Kamala Harris: I Will Repeal “That Tax Bill”

Cory Booker: “I do support” Imposing Carbon Tax on Americans

Harris: “We are Going to Repeal That Tax Bill”

Biden: I Will Raise Corporate Tax Rate to 28%

Kamala Harris Continues to Lie about Tax Cuts

Jay Inslee: “Repeal the Trump Tax Cuts”

Biden Running Ads to “Repeal Trump’s Tax Cuts.”

VIDEO: Ten Times Biden Threatened to Repeal Tax Cuts

Here’s what happens if Dems repeal tax cuts

VIDEO: 10 Times 2020 Democrats Have Threatened to Repeal TCJA

Kamala Harris: When I Enter Office "I Will Repeal" the TCJA

Biden: “First thing I would do as President is Eliminate the President’s Tax Cut.”

Bernie Sanders claims people would be “delighted to pay more in taxes”

Biden: Tax Cuts Will be “Gone” If I’m Elected

Kamala Harris: I Will Repeal Tax Cuts “on day one”

Biden again says capital gains tax is “Much too Low”

Biden: Capital gains tax “much too low”

VIDEO: Five Times Biden has Threatened to Repeal Tax Cuts

Biden: “First thing I’d do is repeal those Trump tax cuts.”

Joe Biden broke his middle class tax pledge

“Mayor Pete” Calls for Steep Tax Hike on Homes and Businesses

Kamala Harris Vows Repeal of Tax Cuts “on Day One”

Biden: “When I’m President, if God willing I am, we’re going to reverse those Trump tax cuts.”

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