Bellevue Seattle

Premium Local Puget Sound Directories & Services

Jeff Bezos basically supports Kincaid’s tax plan

Jeff Bezos basically supports Kincaid’s tax plan

Jeff Bezos went on CNBC and called for eliminating federal income tax for the bottom half of American earners. He pointed to a nurse making $75,000 a year and asked why she should be sending more than a thousand dollars a month to Washington. He noted that the bottom half of earners pay only about 3 percent of all federal income taxes. And he said that number should be zero. In his words, “I don’t want to reduce it, I want to eliminate it.”
Link to CNBC story https://www.cnbc.com/2026/05/20/jeff-bezos-income-taxes.html

Kincaid agrees and has since July 3rd, 2025 . Ten months before Mr. Bezos said a word . Kincaid published this exact proposal on campaign website.
Link https://www.kincaidforcongress.com/2025/07/proposal-no-federal-income-tax-for.html

Kincaid’s plan eliminates federal income tax for every American earning $61,000 or less. The case Kincaid made then is the same case Mr. Bezos is making now. This group already carries its weight through payroll, sales and local taxes. It accounts for only 2 to 3 percent of federal income tax revenue. Forcing tens of millions of working people through an annual filing process that produces almost no net revenue is not fiscal discipline. It is waste.

There is one difference between Kincaid’s proposal and his. Kincaid tells how to pay for it. By restoring the top marginal rate to its pre 2017 level and ending preferential capital gains treatment on income above one million dollars. Mr. Bezos stopped at “zero.” That is the easy part. The serious part is the math and Kincaid did the math a year ago.

Kincaid welcomes him to the cause. When the world’s fourth richest man arrives at the same conclusion as a working class Democrat in Washington State. That should tell people something. This is not a left idea or a right idea. It is common sense and it is overdue. The question now is not whether the idea has merit. A billionaire just confirmed on national television that it does. The question is why the people already in office have not acted on it. Representative DelBene has held this seat for more than twelve years. Working families in this district are still waiting for relief this simple.
Kincaid is not waiting. This proposal is drafted as legislation and ready to introduce. Kincaid has been making this case for a year and will keep making it until it becomes law.

submitted by /u/duckduckew
[link] [comments]