Featured Post from University of Rochester

Rochester's David Primo on how the wealth tax proposal will (or won't) work

Oct 27, 2021

1 min

David Primo

“The ‘wealth tax’ that’s being proposed in the current budget is really a tax on unrealized capital gains, so the stock that you have not sold yet but which has seen gains would be taxed before it is sold,” says David Primo, the Ani and Mark Gabrellian Professor and an associate professor of political science and business administration at the University of Rochester. “It applies only to the ‘richest of the rich’ and many questions remain as to how the operational and Constitutional concerns of it will be addressed. This proposal is much different from traditional wealth taxes where the idea has been to assess the wealth of tax payers every year and have the wealthiest individuals pay a tax on their net worth.”


Wisconsin Public Radio: The latest on Democrats' plan to tax billionaires to pay for spending bill


Primo is available for interviews and can discuss the precedent that this current wealth tax would establish with regard to taxing stock investments; if this is the best approach to taxing the wealthiest Americans; if it would even generate enough tax dollars to make a difference with the federal government’s current spending obligations; and more.



Connect with:
David Primo

David Primo

Ani and Mark Gabrellian Professor, Professor of Political Science and Business Administration

An expert in American politics; campaign finance; corporate political strategy, social responsibility & fiscal policy; & airline industry.

Airline IndustryAirline BusinessElection LawFederal Tax PolicyPolitical Gridlock

You might also like...

Check out some other posts from University of Rochester

1 min

As Senate debates Trump's 'Big, Beautiful Bill,' expert Gerald Gamm offers insight

President Donald Trump’s agenda hangs in the balance this week as Senate Republicans race to lock down the votes to pass their major tax and domestic policy bill by the president’s July 4 deadline. Republicans are holding firm against Democrats’ efforts to challenge elements of the measure, particularly its cuts to Medicaid and federal nutrition programs, as well as tax cuts for the wealthy. But the G.O.P. is also witnessing nagging reservations within its own ranks, as fiscal hawks are upset that the bill could pile more than $3 trillion onto the national debt. University of Rochester political scientist Gerald Gamm is watching the deliberations and political maneuverings closely, and is in a unique position to lend insight to reportage on the negotiations. Gamm is a co-author of Steering the Senate (Cambridge University Press, June 2025). The book has received high praise from a multitude of sources, and has been called "essential reading for all who care — or worry — about the past and future of institutional leadership and capacity on Capitol Hill," "the best book we have about the organizational development of the Senate," and "a masterpiece . . . that unearths new information on the emergence of leadership institutions and the role of parties and showing their relevance for the Senate of today." Gamm is available for interviews and can be contacted by email at gerald.gamm@rochester.edu or by clicking on his profile.

1 min

Need a music expert? John Covach hits the right notes

Attention music journalists: When there are developments in the music industry — whether it be the emergence of a new sound, a growing trend in experiencing and listening to music, or the death of an influential artist — John Covach lends valuable perspective to your stories. Covach, a prominent rock and pop music historian who directs the Institute of Popular Music at the University of Rochester, is regularly sought out by news outlets around the world. He recently helped The New York Times explain what made the album “Pet Sounds” a masterpiece for Beach Boys chief songwriter Brian Wilson. He has offered commentary to the New York Daily News on why artists might relinquish ownership of their music. Last year, he offered thoughts to The Boston Globe on the timeless appeal of aging rock ‘n’ rollers who are still packing arenas. “It doesn’t matter that they can’t sing the high notes anymore,” Covach told The Globe. “It doesn’t matter that they’re kind of stooped over. We’re seeing the person we remember from 40 or 50 years ago.” Covach is a wealth of knowledge and an accessible expert. Connect with him by clicking on his profile.

1 min

In the News: School Choice and Vouchers

A Trump administration proposal to use the federal tax code to offer vouchers that students could use to attend private secular or religious schools has reignited public debate over school choice. David Figlio, a professor of economics and education at the University of Rochester whose research on vouchers has been widely cited, is available to offer insight on the matter. A recent study he co-authored on a school choice program in Ohio showed that low-income children in the program were likely to realize significant and positive academic benefits. Figlio warned in an interview with National Public Radio, though, that the results need to be taken “with a grain of salt.” “This program was a highly targeted program that bears little resemblance to the statewide, universal vouchers that are being rolled out today,” he said. Figlio’s research spans a wide range of education and health policy issues, from school accountability and standards to welfare policy and the intersection between education and health. Contact Figlio by clicking on his profile.

View all posts
Powered by