John,

If Republicans win back the White House and control both bodies of Congress, their top legislative priority in 2025 will be to renew soon-to-expire provisions in the Trump-GOP tax scam that mostly benefit the ultra-wealthy―adding almost $4 trillion to the national debt.[1]

What have the 2017 Trump-GOP tax cuts brought us? New Americans for Tax Fairness reporting shows that we now have a record 806 American billionaires who hold $5.8 trillion in wealth.[2] That’s double the amount of wealth billionaires’ held prior to the tax scam.

Additional Americans for Tax Fairness reporting has found that millionaires are paying roughly half the tax rate today that they were paying in the middle of the last century.[3] Just look at this chart:

In this election year, our research and reporting are critical to rallying the American people in demanding Congress unrig our tax code. And we’re seeing progress. When members of Congress and the president run on making millionaires and billionaires pay their fair share of taxes, we know we’re making progress.

We’re making tax fairness―making the wealthy pay their fair share in taxes―central to the presidential election.

Donate today to power our critical research during the 2024 election and fight for an economy and a tax code that works for everyone, not just the wealthy few.

Another way we’re holding the wealthy accountable is through historic investments in the IRS, which are allowing the agency to both better-serve everyday taxpayers while cracking down on wealthy tax cheats. Yet Republicans have consistently sought to claw back those investments to protect their wealthy tax-cheating donors from paying what they owe in taxes. To serve their billionaire base, they prefer a tax code riddled with loopholes and an underfunded IRS that audits working people at higher rates than the wealthiest households.

Between 2010 and 2020, congressional Republicans slashed the IRS budget, hollowing out the agency and causing the audit rates of millionaires and billionaires to plummet. In fact, in the final year of Donald Trump’s presidency, working families were audited at a higher rate than millionaires:

We need a strong and functioning IRS to hold the wealthy accountable and provide working people with the resources they need to file their taxes without hassles.

Donate today to power our research and activism, which are critical to creating a tax code and economy that work for everyone, not just the wealthy few.

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Together, we’re fighting for a tax system that puts working people first.

Thank you for all that you do,

David Kass
Executive Director
Americans for Tax Fairness Action Fund

[1] Tax Cut Extensions Cost Over $3.3 Trillion
[2] As Tax Day Approaches, New Study Finds U.S. Billionaires Now Worth A Record $5.8 Trillion
[3] Tax to the Future: Recalling How The Tax System Used to Work Better—And Offering Ways to Make It Even Better Than Before