John,
In today’s Oversight Committee hearing I asked the IRS Commissioner about the huge gap between taxes paid by the ultra wealthy and those paid by the rest of us.
Right now, a married couple making $200,000 with one child here in Irvine, California pays taxes at a rate of 26%. That’s a higher rate than Bill Gates or Jeff Bezos pays.
If the 15 richest Americans paid taxes at the same rate as families here in Irvine, we’d bring in $1.1 billion dollars—money that can be invested into schools, spent protecting our environment, and funding all sorts of things in our community.
But in the last decade, we’ve lost thousands of IRS agents, resulting in a 66% decrease of audits on millionaires. The ultra-wealthy are taking advantage of this lack of enforcement, with the top 1% of taxpayers evading $163 billion in taxes.
If we could collect that $163 billion we could give every American a tax cut of $1,000. That money could make a real difference for so many families (personally, I’d buy a new dishwasher that actually cleans things).
We can hold billionaires like Jeff Bezos accountable with laws that are already on the books, but Congress needs to give the IRS the resources they need to do so. Republicans have protected billionaires for long enough–it’s time to act. Sign my petition to show your support.
–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. |
