John,

While many of us are understandably distracted by the onslaught of breaking news, the House Agriculture Committee voted last week to cut $30 billion from future SNAP food benefits for low-income families. Wall Street-funded politicians consistently tell us that we need to cut critical programs from housing to health care to nutrition and more while handing outrageous tax cuts to the rich and corporations.

We’re fighting back―because we know that when the wealthy pay their fair share in taxes, we can invest in programs and services that uplift vulnerable communities. That’s why, yesterday, we asked you to take action in support of the Billionaire Minimum Income Tax, which would ensure that any household worth $100 million or more is paying income taxes each year, just like working people already do.

The Billionaire Minimum Income Tax would raise more than $500 billion from the richest 0.05% over the next decade―just 64,000 households―providing us with necessary revenue to invest in our families and communities.¹

Let’s face it: the richest among us are not paying their fair share. Billionaire wealth has nearly doubled—up $2.9 trillion—since enactment of the Trump-GOP tax law in late 2017.² Under current rules, none of that nearly $3 trillion in wealth gains through investments may ever be taxed because the ultra-wealthy can go years, if not forever, without selling their investments, instead living off of favorable loans with low interest rates, backed up by their immense wealth.

We’re building support in the halls of Congress and with the American people for tax policies that make the wealthy pay their fair share. Donate today to power our activism and lobbying efforts to tax the wealth gains of billionaires and ultra-millionaires each year and invest those resources in programs and services for low-income and vulnerable communities.

Demanding the wealthy pay their fair share in taxes is both good policy and good politics. In fact, 68% of voters, including majorities of Democrats, independents, and Republicans, support a billionaire tax.³

At a time when 50 billionaire families have already spent more than $600 million to influence the 2024 presidential election, and when America’s 806 billionaires are worth a record $5.8 trillion, we need policies that constrain the massive accumulation of wealth among the rich and powerful.^4,5

Donate today to power our activism and advocacy in support of the Billionaire Minimum Income Tax to ensure billionaires and ultra-millionaires are paying their fair share of taxes each year.

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Together, we’re fighting for an economy that works for everyone, not just the wealthy few.

Thank you,

Deborah Weinstein
Executive Director, Coalition on Human Needs

¹ The Billionaire Minimum Income Tax
² As Tax Day Approaches, New Study Finds U.S. Billionaires Now Worth A Record $5.8 Trillion
³ Biden’s Billionaire Tax and Budget Proposals Enjoy Widespread Voter Support
⁴ The Billionaire Family Business: 50 Billionaire Clans Have Already Spent Over $600 Million on the 2024 Elections, Mostly to Preserve Their Fortunes
⁵ As Tax Day Approaches, New Study Finds U.S. Billionaires Now Worth A Record $5.8 Trillion