[1]Bowman for Congress

John,

When billionaires avoid paying their fair share of taxes — as they all do
— every day Americans and working families suffer.

That's why we're proud to know that Jamaal is continuing the fight for
economic justice in Congress by introducing the Babies Over Billionaires
Act. This bill will require ultra-wealthy taxpayers to pay their fair
share of taxes, and it will disproportionately impact the almost 700
billionaires in the country to raise over $1 trillion over 10 years.

[ [link removed] ]John, we need
leaders in Congress like Jamaal who are unafraid to challenge the
exploitative and broken system responsible for decades of economic
inequality. Chip in today to support Jamaal's leadership and support the
Babies Over Billionaires Act today.



[ [link removed] ]Contribute $3



Every day we are affected by the costs of the greed of the ultra-wealthy.
We're left with less revenue for healthcare, childcare, education,
housing, paid parental and family leave, and other key public services
that are vital to working families across the country.

The Babies Over Billionaires Act will:

* Annually tax 30% of unrealized wealth-gains of ultra-millionaires from
publicly traded capital assets such as stocks. 
* Tax 50% of unrealized wealth-gains of ultra-millionaire's private
capital assets.
* Mandate that the IRS annually audit filers reporting in excess of $100
million in assets to crack down on rampant tax abuse by the wealthy.
* Invest the revenue raised by this tax in families through programs run
by the Department of Education and HHS to support families and
children.

During the first two years of the pandemic the wealth of America's almost
700 billionaires grew by over $2 trillion dollars, and continued to rise
to over $5 trillion. That increase in wealth is nearly the entire cost of
the Build Back Better Act that passed in the House last November.

What's more, key federal programs that invest in the wellbeing and
development of children have been deeply underfunded, including the Child
and Dependent Child Tax Credit, Title I education, affordable housing, and
SNAP benefits. Enough is enough,
John.

[ [link removed] ]Jamaal is continuing to cause problems for the status quo and demand
that our economy finally work for all of us, not just the privileged few.
If you stand with Jamaal in our collective fight for progress, please chip
in today in support of his leadership.

In solidarity,

Bowman for Congress


 


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