Yesterday was Tax Day, and it’s important to remember something: you'll likely be paying more in taxes than DOZENS of major corporations.
Working families are struggling to afford groceries, health care, and rent as inflation and corporate greed rise. Meanwhile, many billionaires and corporations are paying a lower income tax rate than teachers, nurses, janitors, and firefighters. Some corporations aren’t paying any income taxes at all. This is not OK. It cannot go on any longer.
Just look at this headline from The Guardian:
And CNBC reports that, “At least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits."
It’s simple: Tax the rich. Tax corporations. Invest in our communities.
That’s why I introduced the Ultra-Millionaire Tax Act with Senator Elizabeth Warren. The bill would narrow the racial wealth gap, help level the economic playing field in this country, and ensure that the wealthiest finally begin to pay their fair share. It’ll do all of this while investing trillions of dollars into our communities.
I’m fighting alongside Senator Warren and President Biden to fix the broken tax system. We must tax the rich and corporations.
I don’t take a cent of corporate PAC money because I know this is a fight between the people and corporate greed. We can enact bold, transformative change together.
In solidarity,
Pramila
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