Tell the Biden-Harris transition team:
"Your tax reform plan is the most progressive ever authored by a major party ticket for president of the United States. We’re prepared to fight by your side to enact an agenda that makes the rich and corporations pay their fair share and that invests in healthcare, Social Security, education, housing, infrastructure, a green energy economy and more."
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John,
President-elect Joe Biden and Vice President-elect Kamala Harris just won a resounding victory, winning back multiple states that Donald Trump carried four years ago.
What does this mean?
Throughout the campaign, Biden and Harris ran on a full-throated message of tax fairness, calling for the rich and corporations to pay their fair share starting with repealing their Trump-GOP tax cuts. Biden and Harris want to use the revenue to make major investments that benefit working families and our communities―from healthcare and education to infrastructure and the environment.
Joe Biden put forward the most progressive tax reform plan ever authored by a major party presidential nominee and made tax fairness a centerpiece of his campaign―in his speeches, political ads and more. Here are just a few of the key features of Biden’s fair share taxes agenda:
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Corporate and Business Taxes: Repeal the most egregious tax breaks from the 2017 Trump-GOP tax scam to reduce outsourcing and create jobs here at home.
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Individual Taxes: Repeal excessive giveaways to the rich and close loopholes that shield the wealthy from paying their fair share.
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Tax Income from Wealth: For those making more than $1 million from the sale of investments such as stocks, businesses and real estate, raise the top tax rate from 20% to 39.6% to match the top tax rate on wages and salaries.
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Strengthen Social Security: Scrap the payroll tax cap on those earning wages above $400,000. Currently only wages below $138,000 are taxed for Social Security payments.
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Tax Credits: Provide $500 billion to working families and caregivers, and $400 billion for first-time homebuyers, retirement benefits and green energy. Provide $300 billion for domestic manufacturing, green energy and investments in low-income communities.
Sign the petition to the Biden-Harris transition team telling them that we are prepared to fight for their tax fairness agenda that increases taxes on the rich and corporations while investing in our country’s future.
Joe Biden, Kamala Harris and tax fairness won in this election. Now, let’s get to work to support the Biden-Harris transition as we fight together for a fair share tax system where the rich and corporations pay their fair share so that we can create an economy that works for all of us.
Thank you,
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund