Democrats in Congress should immediately start writing a new tax code that among other things restores funding to the IRS to Biden administration levels, taxes ALL upper levels of income, institutes a one time wealth tax as proposed by Elizabeth Warren, taxes offshore accounts, eliminates corporate subsidies, restores a corporate alternative minimum, and adds a transaction tax on securities sales. Democrats running for election in the midterm election should campaign on this tax agenda. This should be done now, immediately, in preparation for the midterm elections. It should be a democratic party platform priority for the midterm elections and the democratic party should have a tax bill ready to go directly to a vote immediately after the midterm elections are over.
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