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Proposal Details

Proposal ID	918
Proposal	2018 Platform Amendment - Fair Taxation
Presenter	Platform Committee Sponsored by Nebraska Green Party
Floor Manager	Andrea Merida
Phase	Closed - Failed
Discussion	06-16-2018 - 07-15-2018
Voting	07-16-2018 - 07-22-2018
Presens Quorum	Two Thirds of Active Accredited States/Caucuses
Consens Quorum	Two Thirds of Yes and No Votes

Background

The following changes are to reflect both the true purpose of taxation and to give low-income individuals a greater capacity to avoid tax burdens because they do not represent revenue for programs.

Proposal

To Amend Chapter IV, Section E, Fair Taxation as follows:

Replace the Our Position Introductory paragraphs (below under Resources) with the following..

OUR POSITION
Federal and state taxes must be strongly progressive.
Our current tax system is outrageously unjust. It is riddled with loopholes, subsidies and dodges for corporations and the super-rich.
Most working people pay too much in taxes compared to corporations, multimillionaires and billionaires. Many of our biggest and most profitable corporations pay little or no tax. Much investment income is taxed at less than the rate workers’ pay.
We can cut taxes for most people, while making corporations and the super-rich pay their fair share. We call for progressive taxation, shifting tax from individuals to corporations, taxing “bads” not “goods,” taxing unearned income at a higher rate than earned income, taxing speculation on Wall Street, and cutting corporate tax giveaways.
We will institute comprehensive tax reform to simplify the tax system. We will eliminate loopholes and other exemptions that favor corporate and wealthy interests over tax justice. Small business, in particular, should not be penalized by a tax system which benefits those who can “work” the legislative tax committees for breaks and subsidies.
We support substantive and wide-ranging reform of the tax system that helps create jobs, economic efficiencies and innovation within the small business community. We will end “corporate welfare.” Smaller businesses are the U. S. A’s great strength. Greens believe government should have a tax policy which encourages small, socially responsible, and non-profit businesses serving public purpose.
Political democracy remains a distant promise without economic democracy. A principal instrument for achieving economic democracy is our tax system.
The Green Party knows that at the federal level, taxes do not fund spending. Congress, through its appropriations and the rules it sets for the Federal Reserve and the Treasury, does that. But, taxes drive the value of the currency. They can also help create price stability, equity, justice, health and sustainability, so the Green tax policies below are designed to achieve these goals.

Amend #3:
Replace: 3. End corporate welfare, such as the bailouts for Wall Street, the big banks and the automobile industry; subsidies for agribusiness, Export-Import Bank loan guarantees; tax abatements for big box stores; the tax loophole for “carried interest” from private equity and hedge fund managers; tax deductibility for advertising and business entertainment; offshore tax avoidance schemes; giveaways for new sports stadiums and casinos.
To read: 3. Levy fair taxes on corporations and the wealth, sufficient to contain inflation. End corporate welfare, such as the bailouts for Wall Street, the big banks and the automobile industry; subsidies for agribusiness, Export-Import Bank loan guarantees; tax abatements for big box stores; the tax loophole for “carried interest” from private equity and hedge fund managers; tax deductions for advertising and business entertainment; offshore tax avoidance schemes; all corporate giveaways for new sports stadiums and casinos, and all corporate political activity (Using Article Three, Section Two of the Constitution, remove the Supreme Court’s appellate jurisdiction over this last provision).

Amend #5:
Replace: 5. Block financial transactions with tax havens, to stop tax evasion.
To read: 5. To stop tax evasion, block financial transactions using tax havens.

Amend #7:
Replace: 7. Restore the estate tax.”
To read: 7. Restore the estate tax to post-World War II levels.

Amend #8:
Replace: 8. Apply the Federal Insurance Contributions Act (Social Security and Medicare) taxes to investment income and to all levels of income, not merely the first $106,800 earned
To read: 8. Repeal Federal Insurance Contributions Act (Social Security and Medicare) taxes.

Amend #9:
Replace: 9. Oppose the privatization of Social Security.
To read: 9. Stop privatization of Social Security.

Resources

Approval of this proposal will amend the 2018 GPUS Platform.

CONTACTS:
Platform Committee: Bruce Hinkforth, co-chair, bhinkforth@milwpc.com, 262-569-1370; Linda Cree, co-chair, creelinda@hotmail.com, 906-942-7076
Nebraska Green Party contacts: Charles Ostdiek, iconofcharles@gmail.com, David Long, fraterdavid@cox.net

References

Current Language of Chapter IV, Section E, Fair Taxation
1. OUR POSITION

Federal and state taxes must be strongly progressive.

Our current tax system is outrageously unjust. It is riddled with loopholes, subsidies and dodges for corporations and the super-rich. Most working people pay too much in taxes compared to corporations, multi-millionaires and billionaires. Many of our biggest and most profitable corporations pay little or no tax. Much investment income is taxed at less than the rate workers pay.

We can afford to cut taxes for most people if we make corporations and the super-rich pay their fair share. Then we can cut them even more when we halt our nation's wasteful spending on wars, weaponry and militarism.

We call for progressive taxation, shifting tax from individuals to corporations, taxing "bads" not "goods," taxing unearned income at the same rate as earned income, taxing speculation on Wall Street, and cutting corporate tax giveaways.

We will institute comprehensive tax reform to simplify the tax system. We will eliminate loopholes and other exemptions that favor corporate and wealthy interests over tax justice.

Small business, in particular, should not be penalized by a tax system which benefits those who can "work" the legislative tax committees for breaks and subsidies. We support substantive and wide-ranging re- form of the tax system that helps create jobs, economic efficiencies and innovation within the small business community. We will end "corporate welfare." Smaller businesses are the U. S. A's great strength. Greens believe government should have a tax policy which encourages small and socially responsible business.

Political democracy remains a distant promise without economic democracy. A principal instrument for achieving economic democracy is our tax system. Taxes are the means whereby we fund our public services. They can also help create equity, justice, health and sustainability.

GREEN SOLUTIONS

Cut taxes for wage workers
1. Exempt people earning less than $25,000 per year and families earning less than $50,000 per year (adjusted for inflation) from the federal and state income taxes.
2. Exempt food, clothing, prescription medications, other necessities and second-hand goods from sales taxes.

Fair taxes for corporations and the wealthy
3. End corporate welfare, such as the bailouts for Wall Street, the big banks and the automobile industry; subsidies for agribusiness, Export-Import Bank loan guarantees; tax abatements for big box stores; the tax loophole for "carried interest" from private equity and hedge fund managers; tax deductibility for advertising and business entertainment; offshore tax avoidance schemes; giveaways for new sports stadiums and casinos.
4. Impose a financial transaction tax on trades of stocks, bonds, currency, derivatives, and other financial instruments.
5. Block financial transactions with tax havens, to stop tax evasion.
6. Decrease the $1 million home value cap on the mortgage interest tax deduction for federal income taxes, to reduce the tax subsidy provided to those living in the most expensive homes.
7. Restore the estate tax.
8. Apply the Federal Insurance Contributions Act (Social Security and Medicare) taxes to investment income and to all levels of income, not merely the first $106,800 earned.
9. Oppose the privatization of Social Security.
10. Enact a wealth tax of 0.5% per year on an individual's assets over $5 million.

Eco-taxes to help save the planet
11. Establish a system of carbon taxes on all fossil fuels, to begin to reflect the real environmental cost of their extraction and use. Carbon taxes should be applied as far upstream as possible, preferably when possession of the carbon-bearing fuel passes from extraction (for ex- ample, coal mine; oil wellhead or tanker; gas wellhead) to the next entity in the supply chain (for example, coal shipper or utility; oil refiner or importer; natural gas pipeline). Offset potential regressivity for lower income individuals via the Green Tax shift that lowers income taxes and/or other approaches.
12. Eliminate tax subsidies for the oil, gas, coal, nuclear and timber and mining industries.
13. Enact a Green Tax Shift that shifts from taxing people and work (via income and payroll taxes) to taxing natural resource extraction, use, waste and pollution.
14. Enact a system of Community Ground Rent/Land Value Taxation that distinguishes between the socially and privately created wealth of land, by increasing the taxes on the former to retain for society the value that it collectively creates and lowers them on the latter to reward individuals for their initiative and work.
15. To ensure that prices reflect their true environmental cost, enact a system of True Cost Pricing (TCP) for goods and services. TCP is an accounting and pricing system that includes all costs in the price of a product. TCP charges extractive and productive industries for the immediate or prolonged damage (pollution of air and water) and diminishment of natural resources caused by their acts.
16. Impose a carbon fee on goods imported from nations with lower carbon taxes than in the U.S., based upon the carbon spent in manufacturing and transporting them to the U.S.

Other tax reforms
17. Simplify the tax code. Make it transparent, understand- able and resistant to the machinations of powerful corporate and wealthy interests.
18. Eliminate tax incentives to send jobs overseas.
19. Raise taxes on tobacco, alcohol, soda pop and other junk food.

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