|
John,
As Chair of the Senate Finance Committee, I’ve made it my mission to shine a light on how billionaires and corporations game the tax system to get even richer. Together with Americans for Tax Fairness, we’re fighting to rewrite the rules to ensure billionaires like Elon Musk and Jeff Bezos no longer live under a different tax system than the rest of us.
While working families pay taxes with every paycheck, billionaires can dodge taxes for years, or even decades, on the wealth they hoard. This two-tiered system is why the richest 0.01% pay a lower effective tax rate than teachers, nurses, and construction workers. It’s not just unfair, it destabilizes our economy and endangers our democracy.
The kicker? It’s all perfectly legal.
That’s why I’ve introduced the Billionaires Income Tax, to close existing loopholes in our tax code and ensure billionaires pay taxes annually, just like everyone else. My proposal applies to individuals worth over $1 billion or earning more than $100 million annually.
American For Tax Fairness is a critical ally in the fight—mobilizing grassroots support to demand Congress act. Will you make an end-of-year donation to Americans for Tax Fairness today to continue building support for my Billionaires Income Tax in the halls of Congress and at kitchen tables across the country?
Americans overwhelmingly support a Billionaires Income Tax: 74% of voters, including majorities of Democrats, independents, and even Republicans back taxing the wealth gains of billionaires.
But billionaires are fighting tooth and nail to keep their unfair tax advantages. That’s where Americans for Tax Fairness comes in. Together, we’re exposing how our system is rigged in favor of billionaires and against working families.
From publishing hard-hitting research to rallying grassroots supporters, ATF is putting billionaires and their powerful lobbyists on notice: the days of dodging taxes while ordinary Americans make up the difference are numbered.
By taxing the yearly growth in value of billionaire assets, including stocks and private businesses—a form of income that can go largely untouched under current laws—we could collect $557 billion over 10 years to strengthen Medicare, Social Security, and public investments that working families rely on.
Please stand with me in supporting Americans for Tax Fairness today as we fight for the Billionaires Income Tax and demand a tax system where the ultra-wealthy start paying their fair share in taxes.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Together, we can rewrite the rules and build a tax system that works for everyone—not just the ultra-wealthy.
Senator Ron Wyden
U.S. Senator, Oregon
|
