John,

Forty years of Republican tax cuts for the rich and corporations and budget cuts for the rest of us have led to widening economic inequality, decaying public services and a dysfunctional democracy.

But now, not only do we have a new administration that ran on making the rich and corporations pay their fair share to invest in our country’s future― we have leadership in the U.S. Senate to match.

This week Senator Bernie Sanders became the chair of the powerful Senate Budget Committee. And also this week, Senator Elizabeth Warren joined the Senate Finance Committee―the place where tax laws get drafted.

What’s Senator Warren’s first order of business? To introduce a wealth tax.

A major priority of Americans for Tax Fairness is to enact some form of a wealth tax, which would tax the fortunes of the country’s very richest families to pay for investments in our future—from healthcare to schools to a green jobs economy and more.

While Senator Warren’s wealth tax hasn’t been introduced yet, it is likely to track the proposal she initially put forward during her presidential campaign. That plan assessed a 2% tax on wealth between $50 million and $1 billion, and a 3% tax on wealth above $1 billion. Top economists estimated it would raise nearly $3 trillion, and only the wealthiest 0.1%—or 75,000 households—would be subject to the tax.[1]

In order to make major investments in our communities and address rising levels of income and wealth inequality and racial inequity, we’re making Elizabeth Warren’s wealth tax a top priority in 2021. But it won’t be easy.

In 2017, we saw an army of high priced Wall Street lobbyists line up to influence and pass the damaging $2 trillion Trump-GOP tax cuts for the rich and corporations. Together, we can defeat them and the country’s 660 billionaires who will selfishly defend their fortunes at all cost.

Americans for Tax Fairness is your voice in Washington, DC, fighting back against the Wall Street lobbying machine. Can you donate today to help pass Elizabeth Warren’s wealth tax and make the wealthiest 0.1% of Americans pay their fair share?

If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:

Together, we have an incredible opportunity to pass meaningful tax reform in 2021 and to create a tax system and economy that works for everyone, not just the wealthy few.

Thank you for fighting by our side.

Frank Clemente
Executive Director
Americans for Tax Fairness

[1] “Senator Warren Unveils Proposal to Tax Wealth of Ultra-Rich Americans,” Press Release, Jan. 24, 2019