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.
Add your name to show your support for enacting the Billionaire Tax and fully funding the IRS.
Sign on ›››—Katie Porter HQ
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.
If you support the Billionaire Tax, take a moment to sign on to my petition:
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. |
