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John,
You’ve probably heard about Project 2025’s plans to roll back the progress we’ve made in a host of areas from healthcare affordability to investments in public education. But what you may not have heard yet are Project 2025’s attacks on our tax system.
If implemented, Project 2025 will:
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Eliminate the 15% corporate minimum tax and the 1% excise tax on stock buybacks, allowing corporations to avoid fair taxation.
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Freeze IRS funding, crippling its ability to recover billions in unpaid taxes from the wealthy.
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Rig income tax brackets, giving huge tax breaks to the rich while increasing taxes on working families.
We’re fighting back, urging the media to cover Project 2025’s dangerous tax agenda. Click here to add your name and make sure the American people know what’s at stake in this election.
Together, we’re fighting for a tax system and economy that puts working people first, not millionaires, billionaires, and corporations.
John Foti
Legislative Director
Americans for Tax Fairness Action Fund
-- David's email --
John,
Even though Project 2025—especially its tax provisions—represent a full-scale assault on working Americans, major news networks are largely staying silent on this blatant attack. While they’ve started talking about its attacks on healthcare, education, and some of our most basic freedoms, it's time we pull back the curtain and expose Project 2025’s nightmare tax scheme for what it truly is.
This 920+ page document lays out a roadmap for the next Republican administration to siphon wealth from hardworking families straight into the pockets of billionaires.[1] Hidden within this massive document are plans to eliminate the 15% corporate minimum tax and the 1% excise tax on stock buybacks, effectively giving corporations free rein to manipulate the market and dodge fair taxation.
This isn't just a policy tweak. It's a calculated move to widen the wealth gap and consolidate power among the elite.
But it doesn't stop there. Project 2025 seeks to freeze the restored IRS funding provided by the Inflation Reduction Act, a move that would cripple the agency's ability to recover billions in unpaid taxes from the richest Americans. In essence, Project 2025’s authors are crafting a safe haven for tax evaders.
Perhaps the most egregious proposal is the virtual elimination of the progressive tax-rate structure, resulting in massive tax cuts for the ultra-wealthy and big tax increases on working families. Imagine a family earning $100,000 annually being forced to pay an additional $2,600 in taxes, while a household with income of $5 million enjoys a $325,000 tax cut.[2]
We cannot stand by while this assault unfolds under cover of journalistic indifference. Join us in demanding that major news networks expose Project 2025's disastrous tax proposals now. Our democracy depends on informed citizens and transparent reporting.
The silence of the mainstream media on this issue is deafening and dangerous. By ignoring Project 2025's proposals, they're allowing deceitful policies to gain traction without public scrutiny. This is not the time for complacency; it's the time for bold journalism that holds power to account and protects the interests of the many over the privileged few.
Exposing these plans isn't just about revealing the truth, it's about preventing irreversible damage to our economy and democratic institutions. If implemented, these tax schemes will erode public services, deepen income inequality, and undermine the social safety nets millions rely on. We must ensure that every American understands what's at stake.
Your voice matters in this fight. By demanding comprehensive coverage and critical analysis from our news outlets, we can pressure policymakers to reconsider these harmful proposals. Transparency is our strongest weapon against corruption and exploitation.
Stand with us today. Urge the media to fulfill their duty to the public by shining a light on Project 2025's regressive and dangerous tax agenda.
Together, we can protect our nation's future and uphold the principles of fairness and justice.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Mandate for Leadership The Conservative Promise
[2] Project 2025 would overhaul the U.S. tax system. Here's how it could impact you.
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