From Elizabeth Warren <[email protected]>
Subject This is obscene
Date June 13, 2024 12:49 AM
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Warren for Senate: [link removed]

While he
was President, Trump passed a tax law that gave wealthy people and
corporations $2 trillion in tax breaks. That’s trillion — with a T.

This law allowed American billionaires to pay an average federal tax rate
that's far less than what teachers, nurses, and everyday workers pay. And
it allowed companies that made $40 billion in profits to pay zero in
federal income taxes. Yep, zero.

But wait, there’s more: According to new reporting from the Washington
Post, as Trump is courting wealthy donors for his 2024 campaign, he’s
promising them even more tax handouts in return.

Giant corporations are going in on the deal, too, loading up Republican
campaign accounts with cash with the expectation that they’ll get even
more tax cuts. And it just so happens that Trump's planned tax cuts would
give the largest corporations an estimated $48 billion break.

This is obscene.

Look, I’ve fought my entire career to make our economy fairer for the
middle class. I’ve learned that it’s not too hard to answer who the
government is looking out for. The answer is written in the tax code, and
Republicans are making their answer loud and clear.

While Trump and the Republicans fight to make rich and powerful people and
companies even more rich and powerful, I'll keep fighting alongside
President Biden to get the wealthy and well-connected to pay a fair share
— so we can expand opportunity for all.

We’ve already started to tackle this by passing my minimum tax on massive
corporations that were paying $0 in taxes, and to provide more funding to
the IRS to strengthen enforcement against corporations and wealthy tax
cheats.

But there’s still more we’ve got to do. I’m campaigning for my wealth tax
on fortunes greater than $50 million — which would generate huge amounts
of revenue totaling at least $3 trillion over a decade — as well as my
plan to end lobbying as we know it so big money won’t have so much power
in Washington. President Biden has also proposed a minimum tax of 25% for
billionaires — and he's proposed to increase my corporate minimum tax from
15% to 21%.

This would generate trillions of dollars for our country that would
otherwise just stay in the pockets of billionaires and pump up big
corporations’ balance sheets.

Look: billionaire donors and corporate interests are spending big this
year to try to elect Trump and his GOP allies in November — and reap big
rewards for themselves in the years to come.

We can pass legislation to make the billionaires and corporations pay
their fair share and reap big rewards for all of us in the years to come:
Creating affordable child care and paid family leave, making investments
in affordable housing and health care, funding our public schools and
transportation...the list goes on.

They’ve got money and power. But the number of people that make up our
grassroots movement is powerful, too. We can beat them if we fight side by
side, one grassroots donation at a time, to pass this legislation that
will make our economy fairer for the middle class.

[ [link removed] ]I’m able to stay in these fights because supporters like you chip in
whatever and whenever they can to strengthen our fight for these policies.
Can you help grow our grassroots campaign and support my re-election with
a donation of
$28 or any
amount?



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Thanks for being a part of this,

Elizabeth



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