John,
The American people are hungry for a massive investment in our future―to rebuild infrastructure, invest in green energy, create a caring economy and create millions of good-paying jobs. But moderates and conservatives in Congress are standing in the way, demanding that each investment be paid for dollar-for-dollar.
One way we must start paying for our country’s future is by demanding that millionaires and billionaires pay their fair share. We already have more than 130,000 signers in support of Senator Elizabeth Warren’s wealth tax. Warren’s Ultra-Millionaire Tax Act would raise $3 trillion over 10 years by placing a small tax on fortunes of $50 million or more. If you own less than $50 million in wealth, you won’t pay a dime.
Help us get to 150,000 grassroots co-signers! Sign the petition today demanding Congress pass the Ultra-Millionaire Tax Act to address racial and economic disparities that have only gotten worse during the pandemic.
Currently, many ultra-millionaires and billionaires pay an effective federal tax rate that is about the same as many middle-class people. That’s because most of the wealth of the ultra-rich is generated by investments in stocks and other assets, which are taxed at about half the rate as wages and salaries.
Senator Warren’s wealth tax would level the playing field and provide us with the critical revenues needed to strengthen public education, make childcare affordable for all working families, rebuild roads and bridges, provide universal preschool and free public community college, while also wiping out a lot of student debt.
Join Americans for Tax Fairness Action Fund and our allies in demanding Congress pass the Ultra-Millionaire Tax Act. Become a grassroots co-signer today!
Together, we have an incredible opportunity to pass meaningful tax reform in 2021 and invest in our country’s future.
Thank you,
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund