TELL CONGRESS: Elon Musk has taken advantage of the broken tax system to amass a fortune. Now, he’s funding a right-wing Super PAC to exert even greater influence in our political system. Sign the petition: End the 2017 Trump tax cuts and raise taxes on Elon Musk!

Hi,

Billionaires like Elon Musk have benefitted from a slew of tax breaks and loopholes, including the Trump administration’s 2017 tax cuts.

Tesla paid no federal income taxes between 2018 and 2022.1 Then, the company turned around and approved a $56 billion pay package for CEO Elon Musk.2

Elon Musk takes advantage of the broken American tax system to get richer, and has amassed tremendous power in corporate America and our political system. Now, he’s putting millions into a right-wing Super PAC, so that he can have even greater influence over our politics.3 This is exactly why Congress needs to END the Trump tax cuts and drastically increase taxes on billionaires and corporations.

Sign the petition: End the 2017 Trump tax cuts! Make Elon Musk, the ultra-wealthy, and corporations pay their fair share.

Musk has so much political power because of the outrageous wealth he’s acquired thanks to a broken American tax system that favors billionaires and their corporations, like Tesla and SpaceX.

Congress can end the unlimited, runaway wealth of America’s billionaires (which stands at $5.2 trillion).4 Our lawmakers must take action to address economic inequality, the dangerous level of power held by the ultra-wealthy, and threats to our democracy.

Add your name: Congress must end the 2017 Trump tax cuts and TAX billionaires like Elon Musk.

Thanks for taking action,

Joey and the team at Demand Progress

Sources:

  1. Yahoo, “Tesla paid no federal income taxes while paying executives $2.5 billion over five years,” March 13, 2024.
  2. NBC, “Elon Musk wins Tesla shareholder vote for $56 billion pay package,” June 13, 2024.
  3. Wall Street Journal, “Inside Elon Musk’s Hands-On Push to Win 800,000 Voters for Trump,” August 12, 2024.
  4. Americans for Tax Fairness, “U.S. Billionaires Now Worth a Record $5.2 Trillion,” November 30, 2023.

 

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