Hi,
In 2017 FedEx owed the government $1.5 billion in taxes. In 2018, they
owed $0 - thanks to Donald Trump's tax cut.^1
FedEx didn't invest that money in higher wages or more jobs. Instead they
gave it to their shareholders, including their CEO, Frederick Smith. He
lobbied Trump hard for that tax cut. He's now worth $3 billion.
Do you agree that wealthy individuals like him need to pay more taxes?
Then you'll love this new millionaires surtax from Senators Sherrod Brown
and Chris Van Hollen. It would raise taxes on the wealthiest 0.2% in the
country, and generate $635 billion in new revenue. Now is the time to show
Congress you want it to pass.
[ [link removed] ]Sign the petition: Tell Congress to support the millionaires surtax!
The Millionaires Surtax will create an additional 10-percentage point tax
on all income earned by households making $2 million or more each year and
individuals making $1 million or more.
According to the Tax Policy Center, the surtax will generate an additional
$635 billion over ten years that can be used to invest in critical
services for working families. A recent poll by Hart Research found that
the surtax is supported by 73% of voters, including more than one-half of
Republicans.^2
Due to a rigged tax system, including the 2017 Trump-GOP tax scam that
gave massive handouts to huge corporations and wealthy CEOs on Wall
Street, we have an economy that greatly favors the wealthy while the rest
of us are stuck picking up the tab.
A Millionaires Surtax would apply to all income earned by the top 0.2% ―
including wages, salaries and wealth that comes from Wall Street
investments such as stocks. The rest of us (the other 99.8%) would not pay
an extra dime.
The wealthy elite and their allies are already pushing back hard and
trying to scare Congress into silence. Will you help build support for
taxing the rich?
[ [link removed] ]Add your name: Tell Congress to support the millionaires surtax!
Thanks for taking action,
Robert and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. New York Times, "How FedEx Cut Its Tax Bill to $0," [ [link removed] ]November 17,
2019.
2. Hart Research, "Millionaires Surtax: A Winning Issue for 2020,"
[ [link removed] ]November 7, 2019.
----------
PAID FOR BY DEMAND PROGRESS (<a href="[link removed]">DemandProgress.org</a>) and not authorized by any candidate or candidate's committee. Contributions are not deductible as charitable contributions for federal income tax purposes. Join our online community on <b><a href="[link removed]">Facebook</a></b> or <b><a href="[link removed]">Twitter</a>.</b>
You can unsubscribe from this list at any time: [link removed]
