Andrew Yang on Tax Reform



Fund programs from tech companies now paying no tax

Q: How do you pay for your programs?

A: Who are going to be the biggest winners from new technologies of self-driving cars and trucks? It's going to be the biggest tech companies in our country. How much did Amazon pay in federal taxes last year?


A: So when people ask how are we going to fund this, we have to go where the money is. We have to implement a new mechanism to get that money back from Amazon and bring it back to the American people to build a trickle-up economy.

Source: CNN Town Hall: 2020 presidential hopefuls , Apr 14, 2019

Value Added Tax would generate $800 billion

Who are going to be the biggest winners from A.I. and new technologies? It's going to be Amazon, Google, Facebook and we all can see that Amazon paid $0 in federal taxes last year.

What we have to do is we have to join every other advanced The people at the top end of the income scale consume a lot more, and you can actually make the VAT so it falls more heavily on luxury goods as opposed to consumer staples. So, the way for us to get this money is really to go to where the money is, and where the money is is in the hands of the Amazons and the Googles and Facebooks of the world.

Source: ABC This Week 2019 interview of presidential hopefuls , Apr 7, 2019

Revenue Day: make paying taxes a celebration

Currently, paying taxes is a slog. Instead, let's make it a celebration. Revenue Day--the day taxes are due--should be a federal holiday. That day should feature celebrations. Running the country like a business means adopting basic things like appreciating your constituents. If someone pays taxes, that's great and we should make him or her feel like they contributed to important things that make people's lives better. Revenue Day should be a day of joy and celebration for our national community.
Source: 2020 presidential campaign website Yang2020.com , Mar 29, 2019

Value-Added Tax as part of new capitalist philosophy

Yang has voiced plans to institute a carbon tax on fossil fuel gasoline. He has also proposed a Value-Added Tax. Yang has mentioned the institution of a new capitalist philosophy which he says will be geared towards "maximizing human well-being and fulfillment." However, he hasn't provided any details as to how this would be legally integrated into the market.
Source: Townhall.com: 2020 Democratic primary "Candidate profiles" , Feb 6, 2019

Other candidates on Tax Reform: Andrew Yang on other issues:
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
Howie Hawkins (Green-NY)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Gov.Bill Weld (R-MA&L-NY)

2020 Withdrawn Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Mike Bloomberg (I-NYC)
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Page last updated: Jun 24, 2019