List of Buttigieg Tax Hike Proposals

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Posted by John Kartch and Adam Sabes on Wednesday, November 20th, 2019, 5:45 PM PERMALINK

Since launching his presidential campaign, Mayor Pete Buttigieg has called for the following tax increases on the American people:

Eliminating the Trump Tax Cuts: Such repeal would significantly raise taxes on middle class households. If Buttigieg repealed the Trump Republican tax cuts:

-A family of four earning the median income of $73,000 would be stuck paying $2,000 more in taxes each and every year.

-A single parent with one child making $41,000 would pay $1,300 more in taxes each and every year.

“The campaign also exclusively provided IndyStar details about how it would pay for the $5.7 trillion in total spending Buttigieg has proposed so far, including the middle-class proposal, largely through a capital gains tax on the top 1% of all earners and through eliminating President Donald Trump's tax cuts,” according to The Indy Star.

Obamacare Individual Mandate Tax: Buttigieg's repeal of the Tax Cuts and Jobs Act means that the much-loathed Obamacare Individual Mandate Tax will return with a vengeance. Most households stuck paying this tax make less than $75,000.

Carbon Tax: A Buttigieg carbon tax would significantly increase household costs such as cooling and heating, transportation, and groceries.

Buttigieg's carbon tax plan is a large, continually ratcheting national energy tax, which would allow congress to raise taxes automatically each year without having to vote. It would require a large bureaucracy to implement and run.

Even Hillary Clinton decided against a carbon tax during her 2016 presidential race. Her campaign's internal policy memo concluded the following:

“As with the increase in energy costs, the increase in the cost of non-energy goods and services would disproportionately impact low income households.”

The "dividend" component of the Buttigieg carbon tax also means that many Social Security recipients will have to pay taxes on their Social Security benefits for the first time. 

Corporate Tax Hike to 35%: Buttigieg wants to raise the 21% corporate tax rate up to 35%. This would give the USA would have the highest corporate tax rate in the developed world, ruining American competitiveness. A corporate tax increase would also directly raise the cost of utility bills in all 50 states.

Financial Transactions Tax: As noted by Fred Hatfield in The Wall Street Journal, a financial transaction tax would hit the middle class. Joe Biden even admits that the tax would hit middle class Americans. Hatfield noted that Sweden ended up repealing their financial transaction tax “after 50% of its trading volume migrated to London.”

“A new financial transaction tax that would impact investments held by middle class Americans,” Joe Biden said in response to Elizabeth Warren’s Medicare for All plan.

Capital Gains Tax Hike: Buttigieg wants to impose a top capital gains rate of 37 percent. If he also repeals the Trump tax cuts, the Buttigieg top capital gains rate will rise to 39.6 percent.

Parcel Tax Hike:  In May, Buttigieg joined Los Angeles Mayor Eric Garcetti at a rally hosted by SEIU union bosses to endorse a “parcel tax hike” on homes and businesses, known as Measure EE. Luckily, even the left-leaning residents of the city voted against the tax, and it failed. But it gives you a sense of Buttigieg's high-tax sensibilities and eagerness to appease union bosses at the expense of the people.

To view the many tax hikes being pushed by the 2020 candidates visit www.atr.org/HighTaxDems

See more:

Bernie Sanders: Warren’s Medicare for All Plan Would Have “Very Negative Impact” on Jobs and Wages

Warren Claims Americans Making Less Than One Billion Dollars Will “Not Pay a Penny More” in Taxes Under Her Medicare for All Plan

Warren’s “Medicare for All” Repeals Trump Tax Cuts

Biden: Warren is "Making it Up" on How She'll Pay for Medicare For All

Biden: “It’s Impossible to pay for Medicare for All without middle class tax increases”

Biden Slams Medicare for All: “It’s Totally Unrealistic and Can’t be Done”

Warren: Two Million Lost Jobs from Medicare for All “Part of the Cost Issue”

Video Showing Every Time Elizabeth Warren Has Dodged the Middle Class Tax Question

Out of touch Biden calls Trump’s $2,000 middle class tax cut “negligible”

Biden Calls for 28% Corporate Tax Rate

Biden: “Every Single Solitary Person” Will Pay 40% Capital Gains Tax

Warren Dodges the Middle Class Tax Question Again

Buttigieg Says He Will Raise Corporate Tax Rate to 35%

Watch: CNN Analyst Gets Visibly Irritated as Warren Dodges Tax Hike Question

Andrew Yang to Elizabeth Warren: Wealth Tax Would Have “Massive Implementation Problems”

Biden on Warren Dodging Middle Class Tax Question: “This is Ridiculous. Absolutely Ridiculous.”

Buttigieg Grills Warren for Dodging the Middle Class Tax Question

Biden: I Will Raise the Capital Gains Tax to 39.5%

Elizabeth Warren Can’t Stop Dodging the Middle Class Tax Question

VIDEO: 17 Times Elizabeth Warren Has Dodged the Middle Class Tax Question

VIDEO: Warren Keeps Dodging the Middle Class Tax Question

Biden: “I’m Gonna Double the Capital Gains Rate to 40%”

Tax Hike Bernie Says He’ll Tax All Income Over $29K 

Video: Warren Dodges Middle Class Tax Question Again

Biden Calls for Full Repeal of Trump Tax Cuts

Biden Attacks Warren: "She's Going to Raise People's Taxes”

Video: Media Fed Up with Elizabeth Warren Tax Dodge

Biden: End "Trump's Tax Cut for The Top Tenth of One Percent"

Booker: “My plan would reverse those toxic Trump tax cuts”

Stephen Colbert Calls Out Warren for Dodging Middle Class Tax Question

Video: Warren Dodges MSNBC’s Middle Class Tax Questions

Elizabeth Warren is Still Dodging the Middle Class Tax Question

Video: 2020 Democrats Promise Higher Taxes

Biden Caught Lying about GOP Tax Cuts

Bill De Blasio: “As President, I Would Issue a Robot Tax”

Biden Endorses Carbon Tax

Kamala Harris Calls for Ban on Plastic Straws

Elizabeth Warren's Climate Plan Calls For "Reversing" GOP Tax Cuts

Sanders: We’re Going to “Absolutely” Raise the Corporate Tax Rate

Elizabeth Warren on Corporate Tax Cuts: “I really want to see them rolled back.”

Bill de Blasio Calls for Corporate Tax Rate Hike

Amy Klobuchar: Raise the Corporate Tax Rate to 25%

Biden on capital gains tax: “We should raise the tax back to 39.6 percent”

Kamala Harris Threatens to Repeal GOP Tax Cuts 3 Times in August

Joe Biden: “I’m going to eliminate most all” of GOP Tax Cuts

Cory Booker Calls for Repeal of "Toxic" GOP Tax Cuts

Marianne Williamson Joins Dems Calling for TCJA Repeal

Kamala Admits Her Plan Would End Employer Insurance

“Medicare for All” is a Middle Class Tax Increase, Say Dems

Elizabeth Warren Can’t Dodge the Middle Class Tax Question Forever

Dem Socialized Healthcare Plan Will Lead to Middle Class Tax Hikes

Elizabeth Warren "Wealth Tax" was described by the WaPo editorial board as having "a certain authoritarian odor"

Supposed “Moderate” Democrat John Delaney Wants to Impose Carbon Tax on the American People

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

VIDEO: 2020 Democrats Will Raise Your Taxes

Kamala Harris Campaign Headquarters Located in Opportunity Zone Created by GOP Tax Cuts

Julian Castro: “We’re going to have to raise taxes.”

Biden and Harris: Raise the Corporate Tax Rate

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.”

Photo Credit: Gage Skidmore/Flickr

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