Make sure everyone pays their fair share of taxes
No one becomes a billionaire alone. Every fortune is built on roads we all drive on, the utilities, bandwidth, energy, and natural resources companies consume, and on the backs of the workers who create value. Yet while the wealthy amass fortunes beyond measure, teachers buy classroom supplies from their own paychecks, families struggle to afford rent, and hospitals ration care. This is not the price of prosperity—it is the cost of injustice.
The working class pays taxes on nearly every dollar earned. Meanwhile, billionaires stash fortunes in loopholes, paying less, percentage-wise, than a nurse or firefighter. A just economy must ensure that those who have made the most money contribute the highest percentage of their income in taxes, while those who bring in the least amount of income receive the most significant tax relief.
A society where billionaires hoard while millions struggle is not a democracy—it is a feudal state in disguise. To build the future Americans deserve, we must demand policies that require extremely wealthy individuals and corporations to pay their fair share and provide tax relief for lower-income Americans. A modest tax increase on extreme wealth is essential to securing critical funding for education, healthcare, and infrastructure. These investments in our country and its people lift everyone, not just the privileged few. To advance these goals, Project 2029 supports:
Rejoining the Organization for Economic Co-operation and Development (OECD) Global Tax Deal, which aims to establish a 15% global minimum corporate tax rate and new rules allowing countries to tax large multinational companies based on where they operate, not just where they are headquartered. These measures are designed to make it harder for corporations to dodge taxes by shifting profits to low-tax jurisdictions.
Rescinding the "Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties" Presidential Memorandum, which undermines ongoing efforts to develop a coordinated global digital tax framework through OECD by directing U.S. agencies to investigate and potentially retaliate against countries that impose such taxes on American companies.
