May 3, 2022
For Immediate Release
BETO WILL DESTROY SMALL BUSINESSES
“Beto O’Rourke, who often changes his policy positions depending upon which zip code he happens to be in, will destroy Texas small businesses by raising corporate and capital gains taxes. Beto’s anti-small business extremism is just one more example of how out of touch he is with working Texans.” – Mark Miner, Communications Director
O’Rourke Said “America’s Capitalist Economy Is ‘Racist.’” “Beto O’Rourke said Friday that America’s capitalist economy is ‘racist’…” (David Siders, “O’Rourke Calls America’s Capitalist Economy ‘Racist’,” Politico, 3/15/19)
O’Rourke Wants To Increase Corporate, Individual And Capital Gains Taxes. JOHN HARWOOD: “What sounds right to you?” BETO O’ROURKE: “I think you at a minimum roll back the worst elements of the Trump tax cuts. So the top marginal tax rate back up to 39%. If you were to do that, and in addition make some other structural changes to our tax code — the corporate tax rate, which was brought down from 35% to 21%, bring that back up to 28% — great place to start. And as you probably know, you generate hundreds of billions of dollars over the next 10 years. If you were to tax capital at the same rate that you tax ordinary wage income, like the waiters who are working here, you also get to some greater structural correction to a very unequal economy, and you generate the revenue necessary.” (John Harwood, “Beto O’Rourke Begins Filling In The Blanks On The Economy, Taxes And Entitlements,” CNBC, 7/5/19)