From Zach VanHouten <[email protected]>
Subject Raising taxes on the ultra-wealthy would generate $3 trillion -->
Date March 20, 2021 1:44 PM
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A new message from your friends at People For the American Way.

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People For Member,

Over the past year, the pandemic has exposed the harsh realities of the
nation’s growing wealth gap. Since last March, the ultra-wealthy
experienced a 44% increase in their wealth while millions have been laid
off with many still struggling to find work.^1

It’s time for Congress to address these extreme disparities, and they can
begin doing so with a new wealth tax unveiled by Senator Warren and Reps.
Pramila Jayapal and Brendan Boyle.

[ [link removed] ]Sign the petition now and become a grassroots co-sponsor of the wealth
tax that would increase tax rates for those with fortunes of $50 million
or more! >>

Raising the tax rate by just 2-3 cents per dollar for those with fortunes
greater than $50 million would generate THREE TRILLION DOLLARS over 10
years. And the money raised from that increase could fund a range of
progressive priorities, including:

* Fully funding President Biden’s public option health care plan,
lowering the Medicare eligibility age to 60, improving the
affordability for elder and long-term care, expanding rural-health and
mental health services, AND fighting the opioid epidemic!
* OR, we could put $2 trillion toward repairing our crumbling
infrastructure while investing the extra $1 trillion in a green energy
economy!
* OR, we could strengthen public education, make childcare affordable
for working families, provide universal preschool and free public
community college, while also wiping out a LOT of student debt!

It’s clear that by raising the wealth tax on the ultra-wealthy by
extremely minimal amounts, we can provide assistance and resources to
those who are in most need as our nation slowly begins to recover from the
pandemic.

[ [link removed] ]Call on Congress to pass the wealth tax plan NOW to provide an
immediate infusion of resources that will help lift those who are
struggling >>

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

Thanks for all you do,

Zach, People For the American Way

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[ [link removed] ]donate:

 

[1] [ [link removed] ]"Through 11 Months of National Pandemic Misery, U.S. Billionaires
Have Grown $1.3 Trillion Richer" Americans for Tax Fairness, 2/24/21

 

 

 


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