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Hi there,

Today, I’m writing my first installment of The Common Good Newsletter, a place where I can connect with top supporters like you about how I’m thinking about the issues facing our country and how we can move forward. Your inboxes probably have dozens of emails asking you for money, and I want to give you a break from that and give you the respect you deserve.

The first thing I wanted to talk about with you is Democratic Capitalism—about why I’m a capitalist and why our party needs to embrace both capitalism and fairness to win and move our country forward. 

I recently sat down with Marcia Kramer to discuss these thoughts. You can watch the full interview here, but I wanted to reach out to you personally with some key points. 

Lately, I’ve been thinking a lot about where the Democratic Party is headed—and where it needs to go if we want to win back the trust of the American people.

When you ask people what matters most to them, the answers are consistent: affordability, the economy, taxes, crime, immigration, and healthcare. But when you ask what Democrats are focused on, too often the answers don’t match. That’s a problem.

I believe the Democratic Party has to get back to basics. No matter if you’re a left-wing liberal or a right-wing conservative, everyone in America should be able to say: If I work hard, I can afford a house, pay for healthcare, educate my kids, and retire with dignity. That’s the American Dream, and it should be at the heart of our politics.

That’s why I call myself a Democratic Capitalist. Capitalism, when it’s fair, has lifted more people out of poverty and created more innovation than any other system in history. I believe in free enterprise, entrepreneurship, and rewarding hard work. But I also believe that government has a role in protecting working families—by supporting unions, providing healthcare, and cutting waste, fraud, and abuse.

Some in my party, like Zohran Mamdani, call themselves Democratic Socialists. They’ve tapped into real economic frustration, but their solutions—like raising taxes to the point where people leave New York—aren’t the answer. On the other side, Donald Trump talks about economic anxiety but only delivers for the wealthiest Americans. Both approaches miss the mark.

Here’s the truth: we need to lower costs, restore fairness in our tax system, and make New York competitive again. That means pushing to fully restore the State and Local Tax deduction (SALT), cutting wasteful spending, and ensuring families keep more of what they earn. It also means supporting law enforcement, because communities cannot thrive if people don’t feel safe.

The Democratic Party’s path forward isn’t about slogans—it’s about delivering results that actually improve people’s lives. That’s what I’m focused on every single day in Congress.

I’ll leave you with this: the face of our party shouldn’t be defined by the extremes, left or right. It should be defined by leaders willing to listen, roll up their sleeves, and fight for affordability, safety, and opportunity for working families. That’s the way forward.

Let me know what you think, and thank you for reading.

—Tom