The 2024 Democratic Party Platform

 "We’ll end the preferential treatment for capital gains for millionaires, so they pay the same rate on investment income as on wages."

 "We’ll eliminate the “stepped-up basis” loophole for the wealthiest Americans, so they can’t avoid paying taxes on their wealth by passing it down to heirs. "

"We’ll also eliminate the so-called “like-kind exchange” loophole that allows wealthy real estate investors to avoid paying taxes on real estate profits, as long as they keep investing in real estate – a tax break that Trump protected for himself and other corporate landlords in his 2017 tax scam. No other industry has that kind of sweetheart deal; it ends now! "

Democrats will close the “carried interest” loophole, which wealthy fund managers have long used to halve tax rates on their own personal pay, so they pay a lower rate than some teachers or firefighters do. That’s wrong.

 "Democrats oppose unfair loopholes and wasteful subsidies that benefit special interests at

everyone else’s expense. We will fight to get rid of them. That starts by eliminating tens of

billions of dollars in subsidies for oil and gas companies. It means ending special tax breaks

for corporate jets, and boosting fuel taxes on corporate and private jet travel, saving

taxpayers $4 billion over 10 years."

 "And we’ll no longer permit companies to deduct the cost of paying executives more than $1 million a year. Corporations shouldn’t get a tax break for giving huge pay packages to CEOs.