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Martin O'Malley (Tax Reform) (view source)
Revision as of 15:17, 27 January 2016
, 15:17, 27 January 2016no edit summary
[[Martin O'Malley|O'Malley's]] [[Tax Reform]] [[Martin O'Malley (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. [http://apps.urban.org/features/tpccandidate/ (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. [http://www.presidency.ucsb.edu/ws/index.php?pid=111178 (DD3)]
While governor of Maryland, O'Malley used tax increases to fund many government programs. [http://www.pbs.org/newshour/updates/martin-omalley-believe-candidate-stands-11-issues/ (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. [http://apps.urban.org/features/tpccandidate/ (TPC)]
