John --
The COVID pandemic has been great for America’s billionaires. The richest men in the country have grown their wealth by a staggering $1.6 trillion since the start of this crisis.
Now they are racing each other to space while millions of working families are barely able to pay their bills.
We have known for a long time that the wealthy don’t pay their fair share of taxes, but only recently have we learned exactly how little they pay.
The 25 richest Americans paid a “true tax rate” of about 3.4% between 2014 and 2018. Meanwhile, most Americans paid anywhere from 12-35% of their earnings in taxes.
It’s time for billionaires to pay their taxes. But that will only happen in Congress when we elect leaders who are not in the pockets of corporations and billionaires.
Our tax code has allowed income inequality in this country to run completely out of control. It is immoral, and it is unsustainable.
It’s time to make this country work for EVERYONE, not just the wealthy.
Adrienne Bell
Executive Director
Brand New Congress
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