Encourages Congress to reform the tax code to ensure all U.S. citizens contribute to federal funding based on their economic gains.

The bill highlights the growing national debt and the inequity in the current tax system, where capital gains and investment income are taxed less than wage income. It urges Congress to reform the tax code to ensure all U.S. citizens contribute to federal funding in proportion to their economic gains. The bill also calls for hearings to examine the disparate tax treatment of wage income and capital-derived wealth, and the lack of verification mechanisms for charitable contributions. It notes the widening gap between the wealthiest individuals and the majority of U.S.

Encourages Congress to reform the tax code to ensure all U.S. citizens contribute to federal funding based on their economic gains.

The bill highlights the growing national debt and the inequity in the current tax system, where capital gains and investment income are taxed less than wage income. It urges Congress to reform the tax code to ensure all U.S. citizens contribute to federal funding in proportion to their economic gains. The bill also calls for hearings to examine the disparate tax treatment of wage income and capital-derived wealth, and the lack of verification mechanisms for charitable contributions. It notes the widening gap between the wealthiest individuals and the majority of U.S.