John,

Due to tax loopholes written into law by clever tax lawyers and members of Congress, America’s wealthiest family dynasties are set to pass $21 trillion on to their heirs over the next two decades virtually tax free. This is according to a new report by our coalition partners, Americans for Tax Fairness.

Congress is allowing the ultrarich to hoard historic levels of untaxed wealth, while we’re told that we “can’t afford” critical programs like paid leave, universal preschool, and the expanded Child Tax Credit.

In fact, just half of the $8.4 trillion these dynastic families may avoid in taxes could pay for 24 years of the now expiring expanded Child Tax Credit, which is benefiting more than 60 million children and last year reduced childhood poverty by nearly 40%.

Join CHN and our allies in demanding Congress close Estate Tax and Gift Tax loopholes that allow America’s wealthiest families to pass on their dynastic wealth virtually tax free.

Since 2000, estate taxes paid have dropped from $24.4 billion to just $9.3 billion―and have declined by half since the 2017 Trump-GOP tax scam.

CHN and our coalition partners are fighting for policies that make the richest 1% pay their fair share so we can invest in critical programs for all our families and our future.

Sign the petition today demanding Congress close Estate Tax and Gift Tax loopholes that allow America’s wealthiest families to pass on their dynastic wealth virtually tax free.

Instead of dynasties like the Waltons and Kochs, let’s create an economy that works for everyone, not just the 1%.

Thank you,

Nicolai Haddal
Field and Events Manager, Coalition on Human Needs

-- DEBORAH'S EMAIL --

John,

We’re told that we “can’t afford” critical investments in our families and communities, while at the same time, America’s wealthiest family dynasties―like the Waltons and Kochs―are set to pass $21 trillion on to their heirs over the next two decades virtually tax free.¹

Due to enormous estate and gift tax loopholes, they could dodge trillions of dollars in taxes over the next 24 years, perhaps as much $8.4 TRILLION!

This is tax revenue that could be used to lower the costs of health care, child care, education, housing, and more. In fact, just half of the $8.4 trillion these dynastic families may avoid in taxes could pay for 24 years of the expanded Child Tax Credit, which is benefiting more than 60 million children and last year reduced childhood poverty by nearly 40%. (And - outrageously - has now expired unless Congress acts to extend it.)

Join CHN and our coalition partners at Americans for Tax Fairness Action Fund and sign the petition demanding Congress close Estate Tax and Gift Tax loopholes that allow America’s wealthiest families to pass on their dynastic wealth virtually tax free.

Since 2000, estate taxes paid have dropped from $24.4 billion to just $9.3 billion―and have declined by half since the 2017 Trump-GOP tax scam. We’re fighting alongside our champions in Congress such as Senators Bernie Sanders and Elizabeth Warren to close tax loopholes abused by the richest 1%.

Sign the petition today to demand dynastic families pay their fair share in taxes and aren’t able to pass their fortunes along tax free.

Thank you,

Deborah Weinstein
Executive Director, Coalition on Human Needs

¹ https://americansfortaxfairness.org/issue/dynasty-trusts-giant-tax-loopholes-supercharge-wealth-accumulation/