Dear John,

On Wednesday January 10, the California Assembly Committee on Revenue and Taxation will hear CFT's Assembly Bill 259, The California Tax on Extreme Wealth.

Please urge members of the committee to VOTE YES on AB 259

There were 618 billionaires in the United States in 2020 worth $2.9 trillion dollars. While our families and our communities suffered gut-wrenching pain and loss, our schools continue to be underfunded and households struggle with inflationary prices, billionaires in our country have increased in numbers to 741 and their total wealth to $5.2 trillion.

The California Tax on Extreme Wealth would implement a 1% tax on net-worth in excess of $50 million per household in our state, with an additional 0.5% on wealth in excess of a billion dollars, to raise critical funds for education, infrastructure, and much more.

It asks those who have made so much to contribute a small percentage of their extreme wealth so that California families can thrive.

Are you ready to stand with other Californians in support of the the Extreme Wealth Tax? Please sign the CFT petition today.

In Unity,

Jeff Freitas
CFT President

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