Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Joshua Lott/ Scott Olson/Salwan Georges/The Washington Post/Getty Images

Democrats are toying with a number of ideas to address economic inequality in the U.S., with candidates such as Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) making it an integral part of their campaign messaging.

The big picture: Addressing economic inequality means different things to different candidates. There's a push to address tax cuts for the rich, affordable housing, minimum wage, income inequality, labor and unions.

  • There's a general consensus among Democrats to repeal President Trump's tax plan which some say disproportionately benefits the wealthy.
  • Most Democrats agree on raising the minimum living wage and closing the gender pay gap.
What they're saying:

Former Vice President Joe Biden:

  • He's characterized himself as "the" advocate for the middle class, with a strong focus on labor laws and tax codes.
  • He's attacked Trump's tax cuts saying they benefited the wealthy.
  • Biden recently said he wants to increase the national minimum wage to $15, but previously advocated for $12.

Andrew Yang:

  • Yang's key proposal is the Universal Basic Income plan which would give every American $1,000 with no strings attached.
  • He also wants to reduce student debt interest rates.

Former Rep. Beto O'Rourke (D-Tex.):

  • O'Rourke supports raising the minimum wage to $15.
  • He supports raising taxes on the wealthy and large corporations.

Sen. Bernie Sanders (I-Vt.):

  • Sanders advocates for higher quality universal child care and passing the Green New Deal for job creation.
  • He wants to lower student debt interest rates.
  • Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sanders introduced a bill to cap credit card interest at 15%.
  • He wants to eliminate incentives for companies to send jobs overseas, limit tax deductions for corporations and provide support for small businesses.
  • Sanders wants U.S. post offices to offer basic and affordable banking services to end discrimination against Americans.
  • Sanders co-sponsored legislation that would have raised the minimum wage to $15.

Sen. Elizabethe Warren (D-Mass.):

  • Warren wants to break up Big Tech companies she says monopolize industries and harm small business.
  • She wants workers to elect 40% of their company's board members.
  • Warren proposed a $640 billion student loan debt cancellation plan.
  • She is proposing a tax hike on households with incomes exceeding $50 million annually.
  • Her housing plan aims to cut down rent by 10% and create 1.5 million jobs because of construction needs.

Sen. Cory Booker (D-N.J.):

  • Booker proposed an expansion to income tax credit.
  • He has a job plan that will guarantee a minimum of $15/hour in 15 urban and rural areas over 3 years.
  • Booker has proposed baby bonds, giving newborns $1,000, totaling $2,000 annually for children in low-income households.
  • He wants to ban banks' overdraft fees, saying they disproportionately affect lower-income Americans.

Sen. Mike Gravel (D-Alaska):

  • He wants to establish the American National Fund that would increase taxes on the wealthy, real estate and IPOs to be redistributed to Americans 18 years and older.
  • Gravel wants to establish a $15 minimum wage, and eliminate the tipping minimum wage.
  • He wants to repeal the Taft-Harley Act, saying it prevents labor unions from having authority.
  • Gravel wants to establish a free credit registry.
  • To increase access to affordable housing, Gravel wants to enact a vacancy tax, increase tenant's rights and pass rent control legislation.

Sen. Kamala Harris (D-Calif.):

  • She wants to reverse Trump's tax plan, saying it only benefits the wealthy and corporations.
  • Harris wants to raise the minimum wage to $15.
  • She wants to pass the Rent Relief Act, giving a tax credit to people who spend more than 30% of their incomes on rent and utilities.

Sen. Kirsten Gillibrand (D-N.Y.):

Mayor Pete Buttigieg:

Former Gov. John Hickenlooper:

Mayor Bill de Blasio:

Sen. Michael Bennet (D-Colo.):

  • He says the issue of economic inequality is more pressing than anything else, including health care and climate change.
  • Bennet proposed the American Family Act that would've increased the child tax credit to reduce child poverty.

Gov. Steve Bullock:

  • Bullock established the Equal Pay for Equal Work task force with the goal of making Montana the first state to close the gender pay gap.

Former HUD Secretary Julián Castro:

  • Under Castro, HUD provided $173 million in grants to develop affordable housing.
  • He advocates for a higher minimum wage.

Marianne Williamson:

  • Williamson wants to repeal Trump's tax plan saying it only benefits the wealthy.
  • She wants to reduce or forgive student loan debt.
  • Williamson supports closing the gender pay gap and increasing the minimum wage.
  • She proposes eliminating the income cap on payroll taxes, carried interest and ETF tax loopholes.

Sen. Amy Klobuchar (D-Minn.):

  • She supports raising the minimum wage to $15.
  • Klobuchar proposed a bill to tax the wealthy to fund retirement plans for middle-income Americans.

Rep. John Delaney (D-Md.):

  • Delaney supports closing the gender pay gap.
  • He focused on how the future of artificial intelligence could affect job prospects, and called for a national plan.

Rep. Tusli Gabbard (D-Hawaii):

  • She's proposed legislation to close the gender pay gap and supports raising the minimum wage to $15.

Gov. Jay Inslee:

  • Inslee supports strong labor unions, and says their decline is tied to increasing economic inequality.
  • He believes combating climate change will create more jobs.

Rep. Tim Ryan (D-Ohio):

  • Ryan opposes further tax cuts, saying cuts are responsive for wage stagnation and increased health-care costs.

Rep. Seth Moulton (D-Mass.):

Rep. Eric Swalwell (D-Calif.):

Mayor Wayne Messam:

  • He increased minimum wage in the city of Miramar.

Go deeper: What you need to know about the 2020 presidential candidates, in under 500 words

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. (Photo: Alex Wong via Getty Images)

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration. 

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!