The Supreme Court kept Elizabeth Warren’s fight for a wealth tax alive and
well this morning – defying billionaire interests who asked the Court to
declare taxing wealth (as distinct from income) unconstitutional.

This should be common sense. When Elon Musk gets paid over $40 billion in
stock compensation, and then borrows against those assets instead of
cashing out in order to buy Twitter, taxing his 'income' is meaningless.

We need to tax billionaire wealth – every year, like everyone else.

[ [link removed] ]SIGN THE PETITION: Tax wealth! Political leaders should make a wealth
tax a priority in the huge tax fight coming up in 2025 when Trump’s tax
cuts expire.

We are sharing the growing public demand for a wealth tax with members of
Congress!

To be clear, we still face a corrupt and increasingly illegitimate Supreme
Court. But in this case, the argument from billionaire interests was so
absurd that even this extreme Court didn’t see fit to blow up our tax
code.

We have an opening to tax billionaire wealth – [ [link removed] ]please join the fight
today.

Thanks for being a bold progressive.

-- The PCCC Team

[ [link removed] ]The plaintiffs in this case, aided by conservative movement lawyers,
attempted to preemptively kill an Elizabeth Warren–style "wealth tax" by
targeting this rather obscure provision of the 2017 tax cuts bill. SCOTUS
overwhelmingly rejects their bid.

[ [link removed] ]In engineering this preemptive challenge to a wealth tax, the
plaintiffs and their lawyers made a number of misrepresentations to the
Supreme Court that stretched truth to the breaking point; it is gratifying
that their underhanded gambit did not succeed.

 

 

 

 


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