John,

One of the most ruthless, predatory industries in America, private equity, now controls 1 in 5 U.S. companies. These firms buy up businesses, strip them for parts, fire workers, slash wages, and leave destruction in their wake.

And while working families struggle with the fallout, private equity barons are cashing in because our broken tax code rewards them for it.

Now, our new report, Private Equity, Public Damage, exposes the shocking ways this industry thrives off destruction. Companies taken over by private equity are ten times more likely to go bankrupt than those that aren’t. Why? Because these billionaires load them up with debt, squeeze out profits through dividend payouts, and leave the wreckage for workers to deal with.

Private equity’s reach extends into some of the most vulnerable parts of our economy: healthcare, housing, and even nursing homes. When private equity takes over a hospital, patient deaths rise by 10%, infection rates soar, and medical costs skyrocket. In one case, a private equity firm siphoned off $658 million from a hospital system while its facilities crumbled, mold spread in patient rooms, and basic medical supplies ran out.

And here’s the kicker: Our tax code makes all of this even more profitable. The carried interest loophole allows private equity billionaires to pay a lower tax rate than teachers and firefighters. They also exploit an interest-deduction loophole that lets them write off massive debts used to fund their corporate takeovers.

This is a rigged system. But we can fight back. Americans for Tax Fairness Action Fund is leading the charge to close private-equity tax loopholes, expose corruption, and demand accountability from Congress. But we can’t do it without you.

At a time when billionaires are taking over our government from within, we are fighting back with activism, research, and resolve. Donate today to fight back against the billionaire takeover.

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Together, we can end the private equity scam and build a fairer economy.

David Kass
Executive Director
Americans for Tax Fairness Action Fund