Jack, sign the petition to Congress: Side with working people, not billionaires and Big Business.
SIGN THE PETITION
The richest 1% now hold a record-high $44 trillion in wealth. On that wealth, under current law, the richest 1% can go years, if not forever, without paying a dime in taxes on their wealth gains from the stock market.
Trillions of dollars in investment gains―the principal source of income for the truly wealthy―may never be taxed at all. Meanwhile, working people pay income taxes with every paycheck they earn.
At the same time, the biggest corporations in America saw their profits skyrocket by 63% to a staggering $1.25 trillion. Hundreds of the nation’s largest, most profitable corporations over those same five years paid an average tax rate of about 14%―one-third less than the statutory rate of 21% and less than what average American families pay. Twenty-three of those huge firms—including T-Mobile and Duke Energy—paid nothing at all. In fact, they got millions of dollars in refunds.
Sign the petition to Congress: Side with working people, not billionaires and Big Business.
SIGN THE PETITION
Now, Donald Trump and congressional Republicans are seeking another round of tax cuts in 2025 that would cost the American people $4.2 trillion over 10 years if they win in 2024.
Instead of more tax cuts for the richest 1% and large profitable corporations, we should be making the wealthy pay their fair share by raising the corporate tax rate, implementing a tax on the wealth gains of billionaires and ultra-millionaires, preserving IRS funding to crack down on wealthy and corporate tax cheats, strengthening the estate tax, and much, much more.
Sign the petition to demand Congress side with working people, not millionaires, billionaires, and Big Business.
SIGN THE PETITION
Thanks for all you do,
Erin Tulley, Daily Kos
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