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John,
Our latest report, Billionaires Buying Elections 2024: Congressional Races, uncovers something shocking: just 150 billionaire families have already spent $1.4 billion trying to buy this year's elections, and they’re just getting started.[1]
They’re pouring unprecedented sums of money into key congressional races, aiming to install candidates who will serve their interests, protect their wealth, and keep the tax breaks flowing. Not content with their wealth, these billionaires want unlimited power too. Their goal is a rigged system that benefits them while the rest of us struggle with rising costs and stagnant wages.
And they have plenty more to spend. On average, these families have each contributed $9.2 million so far, just 0.06% of their net worth. For the typical American family, that’s the equivalent of donating just $120. It’s pocket change to the billionaires, but the impact on our democracy is devastating.
This is where we come in. Our movement is shining a spotlight on this corruption. With your help, we’re using this report to rally allies across the nation to demand that Congress overturn Citizens United and finally tax the massive wealth gains of billionaires.
But we can’t do it alone. We need your support to keep exposing the truth and building pressure on Congress to act. Donate now to power our research and activism that will expose the billionaires undermining our democracy.
Billionaire influence on our elections has grown 39 times since the Supreme Court’s Citizens United decision.[2] And unless we act now, that influence will only keep expanding.
You may wonder how billionaires can pump so much cash into our elections, since there are limits on donations to candidates. The answer is billionaire families are funneling their contributions through super PACs and dark money groups—the underside of campaign finance where there are no limits—exploiting every loophole in order to maintain a rigged tax system that protects their fortunes, no matter the cost to the rest of us.
Their goal? To install candidates who will do their bidding, weaken regulations, block reforms, and preserve tax loopholes that allow them to pay next to nothing in taxes. These billionaires are betting that, with enough money, they can silence the majority of voters and turn our democracy into an auction, where power is sold to the highest bidder.
It’s nothing short of a hostile takeover of our government, and it’s happening right in front of us. We can’t let them get away with it and you have the power to stop them. Your support will fuel our efforts to counter billionaire influence, expose their tactics, and build a movement strong enough to win an economy that works for all of us.
Donate today to demand a fair tax system and protect our democracy from being sold to the highest bidder.
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Thank you for standing with us in this critical fight.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] BILLIONAIRES BUYING ELECTIONS 2024: Congressional Races
[2] BILLIONAIRES ARE SPENDING 39 TIMES MORE ON FEDERAL ELECTIONS SINCE CITIZENS UNITED SUPREME COURT DECISION IN 2010
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