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John,
America's 815 billionaire oligarchs, by a recent count, controlled an unprecedented $6.7 TRILLION of our nation's wealth. In just one week after Trump's victory, they added $276 billion to their fortunes.[1]
Elon Musk alone pocketed $57 billion, more money than one million American families will see in their entire lifetimes. His wealth has exploded by an unconscionable 1,470% since Trump's last tax scam in 2017.
These plutocrats spent $2 billion buying the 2024 election, more than ever before. Why? Because they know their tax handouts will return that investment a thousandfold, paid for with YOUR family's future.
Their plan is ruthless: First, make Trump's $5 TRILLION tax scam permanent. Then, eliminate the estate tax entirely―a move that would only benefit the wealthiest 0.2% of Americans worth over $27 million.
The choice is clear: Either we stop this billionaire coup now, or we watch as they transform America into their personal feudal kingdom, with working families as their serfs.
Help us fight back against this unprecedented assault on American democracy by fueling our efforts to expose Trump’s billionaire cabinet and protect critical programs for working families.
Our new report reveals the truth: Donald Trump’s White House is becoming a boardroom of billionaires. The net worth of the president, vice president, cabinet, and other key appointees so far tops $313 billion. Trump is obviously determined to form a government that works for the ultra-wealthy at the expense of the rest of us.[2]
Trump’s billionaire allies aren’t just buying elections, they’re buying positions in our government. That’s why Trump’s advisors and cabinet nominees are filled with ultra-wealthy elites like Elon Musk, Vivek Ramaswamy, Scott Bessent, and Linda McMahon, who push for policies that protect their wealth while advocating for trillions in budget cuts to vital public services.
Their endgame is to enrich themselves while slashing programs like Social Security and Medicare that millions of Americans rely on. We can stop them. Americans for Tax Fairness Action Fund is mobilizing to expose this corruption and demand fair taxation to fund critical public services. But we need your support.
Donate now to hold these billionaires accountable and protect programs for working families.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for standing with us,
Maura Quint
Campaign Director
Americans for Tax Fairness Action Fund
[1] Even As Billionaire Wealth Surges After Trump’s Election, New GOP Leader Aims To Give Them $2.7 Trillion Tax Break
[2] The Wealthy Elites Leading Trump’s Cabinet & Transition Team
-- David's email --
John,
Our new reports reveal that the combined wealth of the new Trump administration— including president, vice president, transition team, cabinet members, and other key appointees—exceeds $313 billion, making it the richest administration in history.[1] These appointees have no intention of governing for the people. They want to dismantle critical programs while engineering tax cuts to line their own pockets.
At the forefront is Elon Musk, co-director of Trump’s so-called “Department of Government Efficiency.” Musk is the richest man in history, worth over $300 billion, yet he paid no federal income taxes in 2018. Now, he’s spearheading a plan to cut $2 trillion in federal investments, which will come from programs that millions of families depend on, such as Social Security, Medicare, Medicaid, the Affordable Care Act, education, housing, and veterans’ benefits.
Linda McMahon, the Education Secretary nominee, profited from a WWE empire that denies workplace protections to its employees. Her appointment is a signal that public schools and working families will lose out as corporate interests take priority. Howard Lutnick, a Wall Street mogul who is leading Trump’s transition team and is the incoming president’s pick for Commerce Secretary, backs Trump’s devastating tariff plan, which could cost families $4,000 a year.
And, billionaire hedge-fund manager Scott Bessent, Trump’s choice for Treasury Secretary, is pushing a plan to cut the annual federal budget deficit by almost a trillion dollars. Since Trump and his fellow Republicans are opposed to raising taxes on billionaires like Bessent—or on the huge corporations they control through their stock holdings—that proposed reduction in the deficit would mostly come from cuts to vital public services working families rely on, like Social Security, Medicare, Medicaid, other healthcare, housing, and education.
Americans for Tax Fairness Action Fund is leading the charge to stop this power grab. With your support, we can expose their greed, defend critical programs and services, and demand a government that works for everyone, not just the wealthy few.
Power our critical research and activism to fight back against Trump’s billionaire cabinet, which is preparing to implement Trump’s vision of cutting critical programs for working families to pay for tax cuts for the rich.
It’s clear that the billionaire takeover of America has reached a terrifying new phase. In a single week after Trump's election victory, America's 815 billionaire oligarchs added a staggering $276 billion to their fortunes―with Elon Musk alone pocketing $57 billion in seven days.[2]
This isn't just obscene wealth accumulation, it's a calculated power grab. As of mid-November, these modern-day robber barons were, combined, worth an unprecedented $6.7 trillion—and they're using that immense wealth to dismantle the public services working families depend on.
Take Vivek Ramaswamy, a pharmaceutical billionaire who is co-chair of Elon Musk’s “Department of Government Efficiency.” Ramaswamy is promoting a flat tax that would raise costs for middle-class families while giving the wealthy another tax break. Or North Dakota Governor Doug Burgum, who’s been selected as Trump’s Secretary of the Interior and is himself worth $100 million. He’s pushing to weaken environmental protections―a massive handout to the fossil fuel industry.
The bottom line is that these oligarchs are hell-bent on extending Trump’s tax cuts while enriching themselves and billion dollar corporations, adding $5 trillion to the deficit and giving Republicans the ammunition they need to slash funding for everything from Social Security to education and healthcare.
Help us fight back and demand a tax system and economy that ensures billionaires and corporations pay their fair share while protecting the services that millions of Americans depend on. Donate now to take the fight to Trump’s billionaire cabinet and protect critical programs for working families.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Let's keep fighting for tax fairness and economic justice.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] The Wealthy Elites Leading Trump’s Cabinet & Transition Team
[2] Even As Billionaire Wealth Surges After Trump’s Election, New GOP Leader Aims To Give Them $2.7 Trillion Tax Break
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