John,
Support for taxing billionaire wealth gains and raising taxes on large profitable corporations didn’t happen overnight. Through our work together, we’ve built broad based support for a tax fairness agenda through grassroots activism and in person lobbying efforts in the halls of Congress.
We’ve also successfully implemented policies like the 15% corporate minimum tax so that large profitable corporations don’t get away with paying nothing in taxes. And the 1% stock buyback tax to hold corporations accountable for enriching wealthy CEOs and shareholders instead of lowering costs for consumers and investing in workers’ wages.
But all of these gains are threatened by a Project 2025 agenda that would undo the progress that we’ve made.
Rush a donation today to fight back against right-wing and Wall Street attempts to blunt our momentum. Together, we must continue fighting for an economy and a tax system that puts working people first!
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Thank you for our activism and support,
John Foti
Legislative Director
Americans for Tax Fairness Action Fund
-- David's email --
John,
This week, we've seen something remarkable: The economic policies highlighted in speeches and in the Democratic Party platform are the exact policies Americans for Tax Fairness has been tirelessly advocating for the past dozen years.
This is a clear testament to the power of our grassroots activism and the impact we're having on the shape and tone of the national economic debate.
Proposals to make sure billionaires pay a minimum income tax rate of 25% and end the preferential tax treatment on the capital gains of millionaires are direct results of our relentless advocacy.[1] We've long argued that these measures are crucial for creating a fair tax system that works for all Americans, not just the wealthy few.
But our work is far from over. As we celebrate this progress, we must also redouble our efforts to fight back against the right-wing Project 2025 and its plans to slash taxes for the rich and corporations even more, further rigging our economy for the wealthy at the expense of working families.
Will you chip in $5 today to help us continue driving the economic agenda and fighting for tax fairness?
Together, we've already achieved so much. The corporate minimum tax and stock buyback tax created by the Biden-Harris administration’s Inflation Reduction Act are projected to raise hundreds of billions of dollars over the next decade.[2] But there's still more to do.
Thanks to our work, we're seeing proposals to increase the corporate tax rate from its current 21% to a more equitable 28%―half way back to the 35% it used to be and we think it should be again. There's also talk of doubling the tax rate on foreign earnings of U.S. multinationals, a crucial step in curbing corporate offshoring and profit shifting.
We're even hearing serious discussions about eliminating fossil fuel subsidies, a move that would not only improve tax fairness but also help save our planet from the worst impacts of climate change as we transition to a cleaner, more sustainable economy.
These are exactly the kinds of reforms we've been pushing for, and now they're at the forefront of the national conversation. But we can't rest. The opposition is fierce, and we need to keep the pressure on to ensure these policies become reality.
Remember, the Republicans have plans that will further rig the economy against working families and for the wealthy and corporations, adding trillions of dollars to the national debt that threatens funding for services relied upon by millions of people nationwide.[3] We can't let this happen.
Your support right now is crucial to fighting for a tax system and economy that puts working people first. Can you donate $5 or more to power our ongoing campaign for tax fairness?
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
With your continued support, we can keep driving the economic agenda, fighting for policies that put working families first, and pushing back against tax cuts for the wealthy and corporations.
Thank you for being a crucial part of this movement.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Democratic Party Platform
[2] Reviewing the Major Tax Reforms in the Inflation Reduction Act on Its Second Anniversary
[3] CBO: Extending Trump Tax Cuts Will Cost Nearly $5 Trillion
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