John,
In just a few hours, Donald Trump will take the stage at the Republican National Convention. He'll try to soften his image and paint himself as a champion of the middle class. But don't be fooled―his real mission remains the same: more tax cuts for billionaires.
Look no further than the shocking new report we've just released: America's roughly 800 billionaires are now worth a combined $6 trillion. You read that right. $6 trillion. But here's the real kicker: Since Trump passed his tax scam in 2017, billionaire wealth has more than doubled, growing by an astounding $3.1 trillion.[1]
While Trump claims he's fighting for you, the numbers tell a different story. Billionaire wealth has grown nine times faster than the bottom 50% of Americans this century. The 800 billionaires now hold 3.8% of the nation's entire wealth, while 66 million American families in the bottom half control just 2.5%.
Tonight, Trump will try to sell the American people on his disastrous tax cuts. But we can't let that happen. Next year, some of the worst aspects of the Trump-GOP tax scam are set to expire, and we need to make sure they do. At the same time, we're fighting to pass the Billionaire Minimum Income Tax to ensure the wealthiest finally pay their fair share.
We need your help to counter Trump's misleading convention rhetoric with cold, hard facts. Will you donate $5 or more to fuel our campaign to let the Trump tax cuts expire and pass real tax reform that makes the wealthy and corporations pay their fair share?
Your support is crucial because the fight against Trump's tax policies is far from over. The Trump tax scam is packed with loopholes and giveaways that overwhelmingly benefit the ultra-wealthy.
If Republicans get their way and extend these tax cuts, it would cost our nation a staggering $5 trillion over the next decade.[2] That's money that could otherwise be invested in education, healthcare, infrastructure, and other vital services for working families.
Already, the super-rich now go years, sometimes forever, without paying a dime in federal income taxes. But there's hope. Democrats in Congress have introduced the Billionaire Minimum Income Tax which would help ensure that the nation's wealthiest households pay their fair share each year, including on their investment gains that currently go untaxed.
This would mean less money for billionaires to use to corrupt our elections through massive campaign donations all while providing more revenue to fund critical services that lower costs for families on healthcare, childcare, nutrition, housing, and other necessities.
As Trump takes the stage tonight, remember: his policies have helped concentrate more wealth in the hands of fewer people than at any point in American history. We can't afford another four years of an economy rigged for billionaires.
That's why we need your support now more than ever. Will you make a donation to help us fight back against Trump's billionaire-first agenda?
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Together, we can build an economy that works for all Americans, not just the billionaire class.
Thank you for standing with us in this crucial fight,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] THE BILLIONAIRE CENTURY
[2] CBO: Extending Trump Tax Cuts Will Cost Nearly $5 Trillion
|