John,

The wealthy have an outsized influence in American society. When every dollar a wealthy person makes has more value than a dollar made by a working person, then our political economy cannot sustain itself.

Billionaires like Jeff Bezos, Warren Buffett, and Elon Musk typically pay very little, if any, income tax, despite their wealth increasing significantly year after year. Instead of living off of their income gains, they live off of low-interest loans, backed up by their immense wealth. They never need to sell their assets. And since wealth gains aren’t taxed until they’re sold, the ultra-wealthy can continue to amass their obscene wealth virtually tax free.

This is why the Equal Tax Act is the solution to putting working people back at the heart of responsible economic policy. This bill would make the tax code more equitable by taxing investment income at the same rate as ordinary labor income and by closing other common loopholes used by the wealthy to avoid paying their fair share of taxes.

Send a message to your Congressperson today, urging them to support the Equal Tax Act.

By taxing the wealth gains of millionaires and billionaires, we can generate new revenue that is critical to increasing funding for human needs programs, without further taxing middle and lower-middle-class households. The investments from this additional tax income can be allocated towards Medicare and SNAP funding, early childhood education, housing services, and more.

This bill is grounded in fairness and fiscal responsibility. It preserves crucial protections for middle-class families, family farms, and small businesses, while ensuring those who have benefited the most from our economy contribute their fair share.

Join us in calling on Congress to support the Equal Tax Act and invest in our communities today.

Thank you for all you do,

Deborah Weinstein
Executive Director, CHN Action