John,

If you thought the Trump-GOP tax scam was bad, this new proposal is just as infuriating (if not downright illegal).

Twenty-one senators, led by Sen. Ted Cruz (R-TX), are proposing that Trump’s Treasury Department hand the top 1% yet another massive tax break. And this time, they want to do it without congressional approval.

Ted Cruz is suggesting that the Trump administration bypass lawmakers and unilaterally index capital gains for inflation. This would benefit owners of corporate stock, real estate and other assets, and cost up to $200 billion over ten years.

In ATF’s recent memo to the media the headline declared: “Trump Tax Plan To Index Capital Gains Is Greedy, Costly, Fraudulent And Illegal.” [1]

Vanity Fair calls this “a move that would almost exclusively benefit the mega-rich.”[2]

We’re fighting back! We can’t allow yet another trickle-down policy to enrich Trump and his buddies at the expense of critical services for those in need.

Donate to Americans for Tax Fairness today to fight back against Donald Trump and Ted Cruz’s greedy, costly, fraudulent and illegal plan.

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This is a proposal that Trump’s ultra-conservative National Economic Council chair, Larry Kudlow, has reportedly been pushing since his first day on the job. And, it gives Trump a chance to appeal to wealthy Republican donors who might otherwise be turned off by Trump’s vicious racism and hate.

How cruel can these people get? Trump wants to give the uber-wealthy a tax cut by indexing the capital gains tax rate to inflation. Meanwhile, he opposes raising the $7.25 an hour minimum wage from where it has been stuck since 2009 indexing it to account for future inflation.

Let’s remind the American people exactly who Trump is. Donate to Americans for Tax Fairness to rally working families against the Trump-Cruz plan to further enrich Trump’s buddies―without congressional approval.

Thank you for standing with us to demand an economy and a tax system that works for everyone, not just the wealthy few.

Frank Clemente
Executive Director
Americans for Tax Fairness

[1]“Trump Tax Plan To Index Capital Gains Is Greedy, Costly, Fraudulent And Illegal,” ATF Media Memo, Aug. 2, 2019
[2] “As Deficit Explodes, GOP Demands Emergency Tax Cut for the Rich,” Vanity Fair, July 29, 2019