From Katie Porter Headquarters <[email protected]>
Subject Enforcing taxes on billionaires
Date April 12, 2022 12:07 AM
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[ [link removed] ]Katie Porter for Congress

Yesterday Katie emailed to tell you why she supports the newly proposed
Billionaire Tax.

But without funding the IRS so that they can hold the ultra-wealthy
accountable for paying what they owe, these new tax laws won’t be
effective. A fully funded IRS will be able to ensure the very wealthiest
Americans and multinational corporations pay what they owe. Right now,
it’s estimated there is a trillion dollar gap between what is paid and
what is owed. 

Funding the IRS will also give them the resources to answer taxpayer
questions and process returns faster. 

[ [link removed] ]Add your name to show your support for enacting the Billionaire Tax and
fully funding the IRS.

[ [link removed] ]Sign on ›››—Katie Porter HQ

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From: Katie Porter <[email protected]>
Send date: Sunday, April 10
Subject line: Biden’s Billionaire Tax

John,

Tax Day is around the corner and once again
a handful of our country’s wealthiest individuals will get away with
avoiding paying much in taxes. That’s why I’ve been proud to support
President Biden’s proposed Billionaire Tax, which will make sure
households worth more than $100 million pay their fair share.

Right now, billionaires are taxed at a rate of just about 8% whereas
working people across the country—teachers, small business owners,
nurses—often pay double that rate. The ultra-wealthy are able to pull this
off by avoiding paying taxes on lucrative stocks, and because our top tax
bracket is around $500,000, billionaires get away with paying a relatively
low amount. This tax would ensure that billionaires pay taxes on 20% of
their wealth—their fair share. 

The ultra-wealthy are skilled at avoiding and delaying paying their taxes,
and this bill will help ensure the Mark Zuckerbergs, Elon Musks, and Jeff
Bezos of the world pay up.

[ [link removed] ]If you support the Billionaire Tax, take a moment to sign on to my
petition:

[ [link removed] ]Sign on ›››—Katie Porter

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|Congresswoman Katie Porter is fighting for affordable child care, lower |
|cost prescription drugs, climate action, and a strong, stable, globally |
|competitive economy that works for everyone. She’s standing up to |
|corporate special interests and doesn’t take any money from corporate |
|PACs or lobbyists, so we rely on grassroots supporters like you pitching|
|in when they can. Make a contribution today. |
| |
| [ [link removed] ]Donate ››› |
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