John,
Support for President Biden’s Build Back Better plan increases by a net 29% when voters learn that it’ll be paid for by the Billionaires Income Tax.[1] So, what is this new tax?
Right now, even if we raise taxes on the wealthy, most billionaire wealth will continue to go completely untaxed. That’s because wealth generated through investments can go forever tax free unless the owner sells the assets, which may never happen because they can borrow money against the value of their assets instead.
The Billionaires Income Tax will tax wealth like work, taxing the annual wealth gains of America’s 700+ billionaires―raising hundreds of billions of dollars to invest in working families and our future.
We’ve just launched a new TikTok video to educate and rally the American people around the Billionaires Income Tax, demanding Congress include it in the Build Back Better plan. Pitch in today to bring our latest video to hundreds of thousands of people and pressure Congress to tax wealth like work!
Americans for Tax Fairness research shows that over the first 17 months of the pandemic, billionaire wealth grew by $1.8 trillion―or 62%.[2] It’s time for billionaires to start paying their fair share!
Thank you,
Andrea Haverdink
Digital Director
Americans for Tax Fairness
[1] “Supermajority & Bipartisan Support for the Billionaires Income Tax,” Americans for Tax Fairness, October 5, 2021
[2] “American billionaires got 62% richer during pandemic – almost all that wealth growth will go income-tax free, showing need for Biden’s tax reforms and investment plans,” Americans for Tax Fairness, August 24, 2021
-- Maura's email --
John,
Right now, billionaires could get off scot-free from paying any new income taxes in the Build Back Better plan, even while Congress pays for the plan by increasing taxes on the rich and corporations.
How’s this possible? It’s because billionaires largely earn their incomes from investments, not from a traditional paycheck. And the increase in their wealth can go years, decades―even forever!―without incurring any income taxes.
ATF’s Digital Director, Andrea Haverdink, has created this new TikTok video to educate and rally the American people around the Billionaires Income Tax―a new fair-share tax by Senate Finance Committee Chairman Ron Wyden―to raise hundreds of billions of dollars towards President Biden’s Build Back Better plan.
The great news is that support for President Biden’s plan increases by a net 29% in key swing congressional districts when voters learn that it’s paid for by the Billionaires Income Tax.[1]
Click here to check out our latest video, then pitch in to bring it to hundreds of thousands of people this week to build massive support for the Billionaires Income Tax to help pay for President Biden’s Build Back Better plan.
President Biden and Democrats were elected on the promise of unrigging our tax code to make the rich and corporations pay their fair share. Don’t let billionaires off the hook!
Donate today to keep the pressure on Congress and demand billionaires start paying their fair share.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you,
Maura Quint
Campaign Director
Americans for Tax Fairness
[1] “Supermajority & Bipartisan Support for the Billionaires Income Tax,” Americans for Tax Fairness, October 5, 2021
