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Stephen Pagliuca on Tax Reform

 


Job Focused Tax Reform: incentives, training, & funding

Steve's latest plan on Job Focused Tax Reform complements his previous plans on a Blueprint for Job Creation to put people back to work in the state's most innovative sector and a Financial Regulatory Reform plan that will secure our markets and strengthen the regulations that govern Wall Street.
Source: Campaign website, www.stephenpagliuca.com, "Tax Reform" Nov 15, 2009

Raise federal capital gains tax should from 15% to 20%

Stephen Pagliuca said the federal capital gains tax should be raised from 15 percent to 20 percent, adding that the rich should pay an equitable share of the country's bills. Pagliuca said the tax hike would not deter investment whi the country's $1.5 trillion budget deficit and $13 trillion debt. "If you went crazy and raised the capital gains tax to 30 or 40 percent, yes, it would cut off investment. That would be a very bad thing to do. But in that (lower) create revenue. That revenue comes from the wealthiest Americans," Pagliuca said.

Further strumming a populist chord, Pagliuca said he disagreed with the Bush-era tax cuts. "I think it got too far out of control in terms of squeez class and there were too many breaks, and I didn't believe in the trickle down," he said.

Source: Associated Press in Boston Herald, "33% capital gains Nov 11, 2009

Other candidates on Tax Reform: Stephen Pagliuca on other issues:
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Page last updated: Jan 28, 2010