John,
Our new report details exactly how catastrophic the Republican tax plan would be. If passed, it would let Elon Musk’s family avoid $128 billion in taxes and Donald Trump’s heirs skip $2 billion.[1]
That’s $130 billion in wealth passed down tax-free, while the rest of us are stuck paying the price through higher prices on health care, food, and so much more.
And that’s just the estate tax. Add in the lower income tax rates Republicans want to extend, a key piece of the 2017 Trump tax law, and Trump himself saves another $2.7 million. Musk? At least $50 million more.
All while teachers, nurses, and seniors suffer cuts to schools, health care, and retirement. This isn’t policy. It’s dynastic looting.
Donate now to help us stop this billionaire tax scam and expose the corrupt forces pushing it through Congress.
This plan is rigged from top to bottom. Republicans know exactly what they’re doing: rewriting the tax code to lock in generational power for the ultra-rich.
They’re selling it as “economic freedom,” but what it really does is widen inequality, destabilize our economy, and reward billionaires for hoarding wealth. And they don’t even try to hide it.
Here’s what they’re counting on: that the public won’t pay attention. That billionaires can quietly rewrite the rules while everyone else is too overwhelmed to fight back. Let’s prove them wrong.
Your support will help fund our campaign to stop this tax heist: lobbying lawmakers, mobilizing public pressure, and making sure this outrage becomes a political liability for anyone backing it.
Please make a contribution right now to help us stop the Trump and Musk billionaire-dynasty tax breaks.
Let’s stop this heist, strip their power, and build a tax system that works for everyone.
John Foti
Legislative Director
Americans for Tax Fairness Action Fund
[1] Trump & Musk Families Could Save Billions From Republican Tax Plans
-- David's email --
John,
Republicans in Congress are pushing a tax plan so extreme, so shameless, it would hand Elon Musk’s family $128 billion in tax breaks and give Donald Trump’s heirs a cool $2 billion free ride, just for being born rich. All while costing the rest of us trillions in public services and driving up the national debt.[1]
Let’s be blunt: this is dynastic theft. These tax breaks are custom-designed to funnel obscene amounts of generational wealth to a few billionaire families at the direct expense of everyone else. It’s not a bug. It’s the point.
The Republicans are pushing to include a full repeal of the estate tax, so billionaires can pass down fortunes without paying a dime. They include extensions of Trump’s 2017 tax law, which slashed rates on the richest Americans, the same law that already added $2 trillion to the national debt. If the GOP succeeds, Trump and Musk will laugh all the way to the bank.
And make no mistake: this isn’t just about taxes. This is about the power to entrench a class of untouchable oligarchs who can buy elections, bend the rules, and reshape our country to their liking.
We’re building a full campaign to block this billionaire bonanza in Congress, expose the dynastic greed behind it, and rally support for a just tax system that works for everyone, not just billionaires. Will you chip in now to help us fight back?
These tax giveaways would cost us trillions in lost revenue, money that could be used to fund housing, education, climate resilience, public transit, and healthcare. Instead, Republicans want to shovel that money into the pockets of their billionaire donors.
Let’s put this in perspective. Just one provision, extending the lower income tax rates for the rich, would personally save Trump millions, and Musk tens of millions.
But that’s nothing compared to what they’d save if Republicans succeed in completely eliminating the estate tax. Trump’s family walks away with $2 billion. Musk’s with $128 billion. That’s billion, with a B.
This isn’t a tax plan. It’s a blueprint for aristocracy. And we’re fighting it with everything we’ve got.
Can you chip in today to support our campaign to stop Trump and Musk’s billionaire tax scam?
Together, we can stop this billionaire coup-by-tax-code before it becomes law.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] Trump & Musk Families Could Save Billions From Republican Tax Plans
