[ [link removed] ]Alexandria Ocasio-Cortez for Congress


Every day
is a good day to talk about taxing the rich.

But today is officially Tax Day, so we want to go into a little more
detail on what exactly we mean when we say "tax the rich." Our leaders
have historically taken the opposite approach: cutting taxes for the rich
and expecting wealth to "trickle down" to the rest of us (spoiler alert:
it doesn't).

As we work to reshape our economy and make it work for everyone — not just
the people at the top — taxing the rich is the clear and necessary
solution.

So, why do we need to tax the rich?

* The super rich pay lower taxes than the poorest Americans. The United
States has a regressive tax system in which the richest people
actually pay lower effective tax rates across all levels of government
than the poorest people in our country. Seems hard to believe, right?
But it’s true.^1
* Taxes on the rich are much lower than they used to be. Check out this
graph from The New York Times comparing rates from 1950 to 2018.^2

[1]NYT Graph

* Two men — Elon Musk and Jeff Bezos — own more wealth than the bottom
40% of Americans combined.^3
* During the pandemic, U.S. billionaires saw their wealth go up 55% from
$2.95 trillion to $4.56 trillion.^4
* U.S. income inequality has returned to Gilded Age levels from the
early 1900s. Our inequality levels are the highest of all G7 countries
(UK, Italy, Japan, Canada, Germany, France).^5,6
* CEOs at large companies in the U.S. now make an astonishing 264 times
what the average U.S. worker makes.^7 In 1989, the ratio was 58-to-1,
and in 1965, it was 20-to-1.^8
* Polls show Americans don’t believe the rich pay their fair share, but
Republicans keep lowering their taxes. Gallup polls as far back as
1992 have shown that the vast majority of Americans want to tax the
rich more.^9 Even then, Presidents Bush and Trump pushed through
massive tax breaks for the wealthiest Americans.

Are you fired up and ready to tax the rich?

Good — because we can’t win this fight without grassroots activism and
organizing. If you know someone who might benefit from reading the facts
above, please forward them this email. If we can unite the working people
of this country, we can tax the rich, close the inequality gap, and bring
about a just economy for all of us.

– Team AOC

In 2016, Alexandria paid more in income taxes as a bartender than Donald
Trump did as a billionaire.^10 That’s proof that our system is broken on a
fundamental level.

We’re building a movement to pass economic reforms that center the
struggles of working people.

[ [link removed] ]Can you help us keep up that fight by donating to Alexandria’s
reelection? Any amount makes a difference.

[ [link removed] ]Contribute $3

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1 - [ [link removed] ]New York Times
2 - [ [link removed] ]New York Times
3 - [ [link removed] ]Public Citizen
4 - [ [link removed] ]Institute for Policy Studies
5 - [ [link removed] ]Pew Research
6 - [ [link removed] ]Inequality.org
7 - [ [link removed] ]Inequality.org
8 - [ [link removed] ]MarketWatch
9 - [ [link removed] ]Gallup
10 - [ [link removed] ]AOC


 

This email was sent to [email protected]. Email is the most important way we keep in touch with people like you, so thank you for reading to the end. Small donors like you keep us going. To contribute via check, please address to Alexandria Ocasio-Cortez for Congress, PO Box 680080, Corona, NY 11368.



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