Hi,
April 15th is Tax Day, but while millions of working people prepare to pay
their fair share of taxes, the ultra-wealthy and big corporations are
getting away with paying little or NOTHING in taxes because of loopholes
and cheating.
Elon Musk, Jeff Bezos, and other billionaires are getting away with paying
little or no taxes because of laws that protect their massive wealth gains
in the stock market and a slew of legal loopholes in America’s tax system.
Congress must end these tax giveaways to billionaires and big corporations
now!
[ [link removed] ]Sign the petition: Tax the rich so America can fund public health care,
education, the social safety net, and the fight against climate change!
ADD YOUR NAME
It’s not just billionaires avoiding paying taxes. Between 2018 and 2022,
America’s largest corporations saw their profits skyrocket into the
trillions.^1 Over those same five years, the top five companies paid a
measly 14% in taxes.^2 Spoiler: that’s significantly less than what
working people pay.
Taxes from giant corporations and billionaires could be used to make big
investments in what we need most, like fighting climate change and
supporting Medicare. Instead, some Republicans want to give the rich even
more tax cuts. Out of these proposed new tax cuts, the poorest fifth of
Americans would receive just 1% while the wealthiest 20% would receive
nearly two-thirds of the cuts.^3
[ [link removed] ]Add your name: As taxes come due, Congress needs to stand up for
working families and make the 1% pay up.
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. CNN, “America’s largest companies are fueling inequality, says new
study,” [ [link removed] ]March 26, 2024.
2. Institute on Taxation and Economic Policy, “Corporate Tax Avoidance in
the First Five Years of the Trump Tax Law,” [ [link removed] ]February 29, 2024.
3. Institute on Taxation and Economic Policy, “Extending Temporary
Provisions of the 2017 Trump Tax Law: National and State-by-State
Estimates,” [ [link removed] ]May 4, 2023.
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