JOHN,

Monday was Tax Day―a day when regular people do their civic duty of paying taxes, which support crucial investments in our communities. Unfortunately, due to a rigged tax system, those at the very top are not paying their fair share, which starves public services of the resources we need from healthcare to education to housing, nutrition, and more.

That’s why I’m proud to be an original co-sponsor of the Ultra-Millionaire Tax Act, which would apply a 2% tax on the wealth of households and trusts worth between $50 million and $1 billion, and a 2% tax on fortunes exceeding $1 billion.

This bill would raise at least $3 trillion in new tax revenue over 10 years from the wealthiest 0.05%―or 100,000 households.

At a time when the number of billionaires in the U.S. has reached a record 806 and when the richest 1% now hold $44 trillion in collective wealth, the Ultra-Millionaire Tax Act is a critical tool for addressing our nation’s destabilizing wealth gap, particularly impacting low-income Black, Latino, and Native households.

Add your name now as a grassroots co-sponsor of the Ultra-Millionaire Tax Act and join me in demanding Congress unrig our tax code and require the very wealthiest households to pay their fair share.

As recently as 2020, 400 of the richest Americans―almost exclusively white men―held more wealth than all 10 million Black U.S. households combined. So, demanding more from billionaires is an issue of racial justice.

Because Congressional Republicans systematically gutted the IRS budget between 2010 and 2020, the audits of millionaires and billionaires dropped by 92% during that time. The Ultra-Millionaire Tax Act would mandate that at least 30% of these ultra-wealthy households be audited each year, and would provide the IRS with the funding needed to crack down on ultra-wealthy tax cheats.

Add your name as a grassroots co-sponsor of the Ultra-Millionaire Tax Act today to unrig our tax code and require the very wealthiest households to pay their fair share.

Together, let’s hold the richest 0.05% accountable.

Always serving you,

Rashida