Hi,

The collective wealth of America’s billionaires, including Elon Musk, is a
shocking $5.2 trillion.^1 Imagine if we had a fraction of that every year
to increase funding for health care, Social Security, and the fight to
address climate change?

Instead the rich are just getting richer, with Elon Musk receiving a $56
billion pay package from Tesla.^2 The ultra-rich and corporations are
paying even less in taxes since the Trump tax cuts were passed in 2017.
While billionaires and corporations grow in power and make record sums of
money, Elon Musk has also engaged in union busting^3 and tried to destroy
the National Labor Relations Board, the agency charged with protecting
workers.^4

Congress must raise taxes on millionaires, billionaires, and corporations
to protect democracy and increase tax revenue available for the public
good.

[ [link removed] ]Sign the petition: Tax Elon Musk! Congress must pass legislation to
make the rich pay their fair share in taxes.

ADD YOUR NAME

While Musk makes billions and billions, Tesla paid no federal income taxes
between 2018 and 2022.^5

If Congress doesn’t act to tax the rich, it’s a threat to our democracy
and every single one of the social programs we rely on: Social Security,
Medicare, Medicaid, the fight against climate change, public education,
and so much more.

Billionaire CEOs and corporations will keep pushing for deeper tax cuts
and less regulation — threatening to leave the average American paying
higher prices and earning lower wages with a disappearing social safety
net.

[ [link removed] ]Add your name: Congress must take back some of the power to the people
and away from billionaires like Elon Musk. Tax the rich now!

Thanks for taking action,

Joey and the team at Demand Progress

[ [link removed] ]DONATE

Sources:

 1. Americans for Tax Fairness, “U.S. Billionaires Now Worth a Record $5.2
Trillion,” [ [link removed] ]November 30, 2023.
 2. NBC, “Elon Musk wins Tesla shareholder vote for $56 billion pay
package,” [ [link removed] ]June 13, 2024.
 3. Politico, “Musk’s SpaceX seeks to blow up federal labor enforcer,”
[ [link removed] ]January 4, 2024.
 4. Ibid.
 5. Yahoo, “Tesla paid no federal income taxes while paying executives
$2.5 billion over five years,” [ [link removed] ]March 13, 2024.

 
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