Martin O'Malley (Tax Reform)

O'Malley's Tax Reform (section page)

Although Martin O'Malley has not yet released a formal tax plan, he supports the creation of a financial transactions tax. (TPC) He has also suggested creating a new tax bracket for people earning over $1,000,000 and taxing capital gains at ordinary marginal income tax rates. (DD3)

While governor of Maryland, O'Malley used tax increases to fund many government programs. (PBS) He made the Maryland tax code more progressive by increasing taxes on the wealthy. He believes in funding Social Security benefits by lifting the cap on Social Security taxes. (TPC)