John,

Labor Day is a time to honor workers across America, and it's the best time to call out the billionaire-backed policies that punish working people while rewarding the ultra-rich. Our latest analysis shows how the Trump-GOP tax and tariff scheme will cost 90 percent of American families an average of $13,600 over the next 10 years. The bottom 10 percent—who can least afford it—will lose more than double that.[1]

Trump’s plan is a disaster for everyday Americans. It combines harsh service cuts, rising consumer costs, and a broken tax code to funnel wealth upward to the top 10 percent. These families, who already earn on average over $500,000 a year, will gain an average of $89,000 from this scheme over the next decade. But the very richest households will get the most: the wealthiest 1 percent will rake in more than $660,000 each over the next decade.

While workers see their out-of-pocket expenses go up and services get cut, the wealthy escape responsibility. Income from labor can be taxed at up to 37 percent. But income from capital gains is taxed at just 20 percent.[2] And for the ultra-rich, the main source of income, unrealized investment gains, is not taxed at all. They use a loophole strategy called Buy, Borrow, Die to live tax-free while teachers and nurses foot the bill.

Trump and his billionaire backers are trying to lock this inequality in for good. This summer they made what were temporary rate cuts permanent, mostly benefiting the wealthy. It is a full-blown assault on workers and a dream come true for the ultra-wealthy.

If you believe workers deserve a fair shot and billionaires should pay their fair share, please make a contribution right now to power our research and support organizing efforts across the country to fight for a tax code that works for everyone, not just the wealthy few.

Under the Trump-GOP vision, the rigged tax code will only become more unfair for working people. They want to impose a national sales tax, eliminate tax credits for working families, and lock in flat-rate income taxes that hit the middle class hardest. Their goal is not economic growth. It is to protect billionaire fortunes at all costs.

Trump’s top donors already use their windfalls to buy political influence. According to Americans for Tax Fairness research, just 100 billionaire families spent a record $2.6 billion in the 2024 elections. Now they want their return on investment. They want a tax code built for them, paid for by us.

The consequences are staggering. Cuts to schools, hospitals, and public safety are being used to fund tax breaks for private jets and family dynasties. It is the privatization of our economy by the people who already own most of it. If we do not fight back now, this Labor Day will become a memorial to the American worker, not a celebration.

That is why we are supporting the Workers Over Billionaires Labor Day rallies. With over 580 events happening across all 50 states, this movement is bringing working people together to demand justice. The future of our economy depends on fighting back.

Help us raise the resources we need to organize, educate, and push back with everything we’ve got. Every donation fuels our campaign to protect workers and make the wealthy elite pay what they owe.

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Let’s organize, mobilize, and build an economy that works for workers, not for billionaires.

David Kass
Executive Director
Americans for Tax Fairness Action Fund

[1] Trump's Tax, Tariff, & Cuts Program Will Hurt 90% of Families
[2] U.S. TAX CODE FAVORS WEALTH OVER WORKERS

P.S. Don’t forget to check out Monday’s Workers Over Billionaires Labor Day rallies happening in communities across the country. Visit the Mobilize map to find an event near you.