Jack, our current tax system allows billionaires to exploit loopholes, avoiding their fair share of taxes while working Americans bear the financial burden.
Sign the petition: Tax the rich!
SIGN THE PETITION
To address these issues, Senator Ron Wyden has introduced the Billionaire Income Tax Act, which targets the wealthiest Americans who exploit the "buy, borrow, die" loophole to avoid paying their fair share.
Additionally, Representatives Steve Cohen and Don Beyer have reintroduced the Billionaire Minimum Income Tax Act, which proposes a 25% minimum tax rate on households worth more than $100 million. This legislation would be enforced through rigorous audits and penalties for non-compliance, ensuring that the ultra-wealthy pay a base level of taxes comparable to other Americans.
Our tax code should reflect the principles of fairness and equity upon which our nation was founded. By implementing these measures, we can begin to correct the imbalances in our tax system. This, in turn, will provide much-needed funding for necessary public services such as healthcare, education, and infrastructure, and reduce the burden on middle and working-class Americans.
Sign the petition to Congress: Make billionaires pay their fair share in taxes!
SIGN THE PETITION
Thank you for fighting with us,
Mayra Souza, Daily Kos
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