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You’ve probably already heard about Project 2025 — everyone’s talking about it these days. But did you know that the 920+ page plan for the next Republican presidential administration would gives massive tax breaks and giveaways to billionaires and corporations?
These plans aren’t being reported as much because there are so many other dangerous policy proposals in Project 2025 that would hurt working families and everyday Americans. But we need to pay attention to this too, because the more money that flows to the ultra-wealthy, the more political influence they’ll have and the more America will become an oligarchy.
Today, we’re demanding that news networks expose Project 2025’s nightmare tax scheme that will benefit the ultra-wealthy over regular Americans. If you agree this action is necessary, sign on now.
Our friends over at Patriotic Millionaires have created a list of just a few of the most alarming tax changes that Project 2025 is calling for. Project 2025 would:
- Eliminate the 15% corporate minimum tax and the 1% excise tax on stock buybacks completely.
- Freeze IRS funding allocated by the Inflation Reduction Act, which has allowed the agency to recoup over $1 billion in unpaid taxes by the very wealthy and significantly improve taxpayer services.
- Replace expert career civil servants with political hacks who will grind the functions of government to a halt.
- Reduce the number of income tax brackets and lowering rates, which would give the ultra-wealthy a massive tax cut and increase taxes on working families. A Center for American Progress study found a family of four with $100,000 in annual income would pay $2,600 in additional income tax under this change, while a family of the same size making $5 million a year would receive a $325,000 tax cut.
Unfortunately, that’s just the tip of the iceberg. We’ve got to do absolutely everything we can to fight back against this destructive agenda, stop this plan from being enacted, take political power back from the billionaire class, and work toward economic prosperity for all.
If you’re in, add your name to our petition today.
Thanks for taking action. Together, we can stop Project 2025.
— Democratic Values
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