Ruben Kihuen on Tax Reform

End the absurd carried interest tax loophole

• Sponsor legislation to hold Wall Street executives accountable when they defraud the American People and ensure criminal behavior is prosecuted, even if the criminals wear a suit and work in downtown Manhattan.
• Fight any effort to roll back Dodd-Frank and work to pass new, tough regulations on Wall Street including an end to the Volcker Rule's hedge fund loophole, increased regulation of the shadow banking system, and fight to make the stock market more fair so high frequency scalpers are not allowed to reap profits off the backs of everyday Americans.
• End the absurd carried interest tax loophole that allows Wall Street to claim their profits as capital gains instead of income. No hedge fund manager should pay a lower tax rate than his or her secretary.

Supports increasing income tax rates.

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Increase Federal Income Taxes or Income Tax Rates' The Christian Coalition notes, "You can help make sure that voters have the facts BEFORE they cast their votes. We have surveyed candidates in the most competitive congressional races on the issues that are important to conservatives."

Opposes eliminating the death tax.

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Permanent Elimination of the "Death Tax"' The Christian Coalition notes, "You can help make sure that voters have the facts BEFORE they cast their votes. We have surveyed candidates in the most competitive congressional races on the issues that are important to conservatives."

Supports tax increases to balance the budget.

The Project Vote Smart Voter Guide inferred how candidates would respond to the question, 'Budget: In order to balance the budget, do you support an income tax increase on any tax bracket?' Project Vote Smart notes, "in response to the increasing unwillingness of candidates to answer issue questions, Project Vote Smart has researched Congressional candidates' public records to determine candidates' likely responses on certain key issues. These issue positions, from the year 2016, are provided [for candidates who] refused to provide voters with positions on key issues covered by the 2016 Political Courage Test, despite repeated requests. Historically, candidates have failed to complete our test due to the advice they receive from their parties and advisors and out of fear of negative attack ads."