An economy for working people

Money in your pocket

El-Sayed argues it shouldn't be this hard to get by, and backs an economy built for working people, lowering everyday costs and taxing extreme wealth to fund schools, healthcare, and infrastructure.

We tax billionaire wealth so we can pay for good schools, universal guaranteed health care, and solid infrastructure.

WHAT HE HAS SAID

• Says that in the state that built the American Dream, it shouldn't be this hard to get by, and backs an economy built by and for working people.
• Would fight corporate tax breaks and the capture of the economy by billionaires and would-be oligarchs, arguing one good job should pay enough to raise a family.
• Supports a cost-of-living exemption on the first $50,000 of income, a billionaire tax on wealth over $1 billion, and a higher marginal tax rate on earnings over $1 million.
• Supports taxing capital gains and inheritances over $1 million as ordinary income and closing the stepped-up basis loophole.
• Supports closing the Social Security payroll-tax cap so high earners pay their fair share and Social Security stays solvent.
• Backs a muscular Federal Trade Commission that enforces anti-monopoly laws so corporations can't price-gouge families.

Primary sources

• Read the campaign position — Abdul for U.S. Senate

Last reviewed 2026-08-19.