John, 

Lead sponsors Bernie Sanders in the Senate and Rashida Tlaib in the House,
former Labor Secretary Robert Reich, -- and now -- President Biden are all
calling on Congress to pass the CEO Pay Tax. Join them by adding your name
>>

Add Your Name: [link removed]

Here’s what the President had to say about it in his Address to Congress
on Wednesday:

“When you hear someone say that they don’t want to raise taxes on the
wealthiest 1% and on corporate America – ask them: whose taxes are you
going to raise instead, and whose are you going to cut? 

Look at the big tax cut in 2017. It was supposed to pay for itself and
generate vast economic growth. Instead it added $2 trillion to the
deficit. It was a huge windfall for corporate America and those at the
very top. 

Instead of using the tax savings to raise wages and invest in research
and development – it poured billions of dollars into the pockets of
CEOs.  

In fact, the pay gap between CEOs and their workers is now among the
largest in history. 

According to one study, CEOs make 320 times what their average workers
make. The pandemic has only made things worse. 20 million Americans lost
their jobs in the pandemic – working and middle-class Americans. 

At the same time, the roughly 650 Billionaires in America saw their
net worth increase by more than $1 Trillion. Let me say that again. Just
650 people increased their wealth by more than $1 Trillion during this
pandemic. They are now worth more than $4 Trillion. 

My fellow Americans, trickle-down economics has never worked. It’s time
to grow the economy from the bottom up and middle-out.”

--

“What I’ve proposed is fair. It’s fiscally responsible. It raises the
revenue to pay for the plans I’ve proposed that will create millions of
jobs and grow the economy.”

[ [link removed] ]It’s time to close the wage gap between CEOs and workers. Join Biden,
Bernie, Rashida, and Reich and demand Congress pass the CEO Pay Tax now.

Add Your Name: [link removed]

We’ve already accomplished a lot in the first 100 days, but there’s even
more left get done. Let’s make sure America can pay for it while giving
businesses an incentive to make sure their workers get a fair share of
profits compared to CEOs.

Thank you for taking action today.

— Molly

Molly Goldberg
Development Manager
Democracy for America

 

 




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