IMO....
1. Increase taxes to Clinton era rates
2. Create new brackets for those making 1 million and above 5 mil a year. Families working to earn 250k a year should not have same tax rate as millionaires.
3. Get rid of or cap deductions. If someone's effective tax rate is 35%, than make sure at minimum they pay 28-30% in taxes.
3. Tax dividend and investment income as standard income and tax the income using the same brackets as other income.