Ensuring Tax Fairness: Closing Loopholes Without Raising Rates

There’s ongoing controversy around raising taxes for the wealthy, but instead of focusing solely on higher tax rates, why not first close the loopholes that allow the wealthiest to avoid paying what they already owe? By targeting loopholes, we create a fairer system without the need for broad tax increases. This approach ensures that the wealthy contribute their fair share, leveling the playing field for all Americans while avoiding the contentious debate over tax hikes.