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John,
Donald Trump and his allies in Congress are back with a plan to expand their billionaire-friendly tax scam and they want it passed by spring. This is a brazen effort to shovel even more wealth to the ultra-rich.
In 2017, Trump’s tax law slashed corporate tax rates, opened loopholes for billionaires, and triggered a $4 trillion stock buyback spree by large, profitable corporations.[1] Now, Trump wants a “big beautiful” new tax bill that will push corporate rates even lower and permanently lock in tax breaks for Wall Street, Big Oil, and his billionaire donors.[2]
Trump claims that tariffs will cover the cost, but we know the truth: these tariffs will only raise prices on everyday essentials, leaving working people to pay the price.
Congressional Republicans, led by House Ways and Means Chair Jason Smith, are all in. Smith and Speaker Mike Johnson spent the holidays at Trump’s Mar-a-Lago plotting a reconciliation bill combining massive tax cuts for the wealthy and devastating spending cuts for working families.
We need to stop this now before Republicans lock in permanent tax cuts for billionaires and corporations, deepen economic inequality, and gut the resources our communities rely on.
Donate today to fight back against a renewal of Trump’s tax cuts for the rich and block his proposal for a lower corporate tax rate for large, profitable corporations.
If this plan passes, the consequences will be catastrophic. Corporations would pay less in taxes than they did under Trump’s first tax law while doubling down on stock buybacks for the wealthy and outrageous bonuses for CEOs.
Billionaires would see massive new cuts to their capital gains taxes, loopholes for offshore profits would expand, and working Americans would face higher costs on everything from groceries to gas.
If these giveaways are locked in, we’ll see more underfunded schools, crumbling infrastructure, and stagnant wages. Working families will be left behind while paying the price for this scam for decades to come.
Your support is critical. Americans for Tax Fairness Action Fund is fighting to expose the truth about Trump’s tax scam, hold lawmakers accountable, and demand a tax system that works for everyone. But we can’t do it without your help.
Will you chip in $25, $50, or more today to fight back against a renewal of Trump’s tax cuts for the rich and block his proposal for a lower corporate tax rate for large, profitable corporations?
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
With your help, we can expose the greed, stop this tax scam, and protect working families.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Engine of Inequality: A Flood of Corporate Profits Is Enriching Wealthy Shareholders Through Stock Buybacks and Dividends, At The Expense of Workers and The Public
[2] Johnson tells House Republicans that Trump wants one ‘big beautiful’ reconciliation package
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