Home Ben Cullop outlines tax principles aimed at reinvesting in the middle class
Local

Ben Cullop outlines tax principles aimed at reinvesting in the middle class

Contributors

ben cullopFifth District Democratic Party congressional nomination candidate Ben Cullop outlined the principles that would guide him on tax reform while in Congress.

“The special-interest backed tax plan rammed through this Republican Congress was a real missed opportunity to invest in small businesses and the middle class, and I think the 5th District deserves better,” Cullop said. “In Congress, I will fight every day to pass real tax reform that puts more money in the pockets of 5th District residents and fosters real job and wage growth. It’s the right thing to do morally and economically.”

The tax process was broken from the start, ending with lobbyists knowing about the bill’s amendments before lawmakers. An analysis of the Republican plan shows that 83% of the benefits from the tax plan go to the top 1% of earners. In addition, a recent report from The New York Times showed the plan is helping company shareholders more than everyday Americans. Now, Republicans are targeting Medicare, Medicaid, and Social Security to pay for their handouts.

Instead, Cullop wants to focus on middle class and small business tax cuts that will actually drive growth in the economy.

“We have to get big corporate special interests out of the tax-writing process,” Cullop added. “We need to make sure the people who are the drivers of the economy – the middle class – have more money in their pockets to create demand, and therefore create jobs.”

Cullop’s tax principles are:

  1. Put the middle class first – Ben will focus on closing loopholes for hedge funds, real estate passthroughs, stadium construction and new estate tax breaks and shift those cuts to the middle class.

  2. End the tax on filing your taxes – The IRS has the data and the resources to file your taxes for you, so why should Americans have to pay to do it? In Congress, Ben would support legislation that has the IRS automatically pre-populate your tax return, give you the right to download your own data, and make it illegal for the IRS to charge for the service.

  3. Make the tax code simpler and fairer for small businesses – Ben will push to end tax shelters, loopholes, and regulations that simply leave small business to pay big business’ tabs, while fighting for size exemptions that level the playing field for small businesses.

  4. Push for a living-wage tax credit – Ben will push for a Living Wage Tax Credit for small and medium-sized businesses that increase wages for their employees from around the minimum wage up to a living wage.

The rollout of the principles comes approximately six weeks before Americans file their taxes. The full version of the principles can be found here.

About Ben Cullop

Ben Cullop is a fourth-generation Virginian who received his undergraduate degree and MBA from the University of Virginia. He built a successful career investing in communities and businesses across Virginia. He serves his community as a member of the advisory board of the UVA Children’s Hospital, the Albemarle County Police Foundation Board, and previously, the Charlottesville Retirement Commission. Ben lives in Albemarle County with his wife, Ashley, and their two young children.

For more information on Ben Cullop and updates on the campaign, please visit www.CullopForCongress.com, or follow him on social media by following @Cullop4Congress on Twitter and liking his Facebook page.

 

Contributors

Contributors

Have a guest column, letter to the editor, story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

steve enright bridgewater
Sports

Bridgewater College basketball coach Steve Enright leaving for Keene State job

jmu football
Sports

JMU introduces Eastern Kentucky AD Matt Roan as new athletics director

It’s been a busy couple of days of changes at the top at James Madison University, with the school naming Charlie King the interim president, and a new person being put in charge of the athletics department, Matt Roan, of late the AD at Eastern Kentucky.

Taylor Swift in concert in New York
Arts & Media, US & World

‘The Tortured Poets Department’ is here: Happy release day for Swifties everywhere

At 2 a.m. ET, Taylor Swift announced “The Tortured Poets Department” is actually a double album, meaning 31 new songs are out today, under the title “TTPD: The Anthology.”

senior citizen smelling flowers in garden
Climate, Virginia

Warmer weather in Virginia means earlier planting times, longer harvest season, more bugs

live music concert
Schools, Virginia

Shenandoah Conservatory to offer three-day summer guitar festival

arrest handcuffs jail prison sentence
Public Safety, Virginia

Richmond Police: Suspect charged in homicide of 14-year-old male

crime scene tape
Public Safety, Virginia

Police: Richmond man charged in Deforrest Street juvenile homicide