John,

Democracy has a billionaire problem.

According to a new report from Americans for Tax Fairness, the nation’s roughly 750 billionaires are increasingly using their personal fortunes and the profits of connected corporations to drown out regular voters’ voices and elect hand-picked candidates who further rig the nation’s economy—especially the tax system—to make their wealthy donors even richer.

This anti-democratic vote buying, totaling $1.2 billion in the 2020 election cycle, has expanded greatly in recent years, almost 40 times more than the $31 million billionaires donated in 2010, when the Citizens United rules were first in effect. Their undue influence in our elections and our democracy is facilitated by—and is facilitating—the accelerating wealth growth of the Billionaire Class and the record profits of the corporations they own.

In order to rein in the undue influence of billionaire money in our elections and our democracy, it’s time for America’s roughly 750 billionaires to pay taxes on their wealth gains each year, not just when they feel like it.

Tell Congress: Whether through a Billionaires Income Tax or other means that tax the wealth gains and income of billionaires, Congress must make billionaires pay their fair share in taxes and limit their influence on our elections. Sign the petition today!

Over the first two years of the pandemic, the wealth of 27 billionaire Republican donors grew by $82.4 billion. Their $89.4 million in donations just to GOP congressional super PACs over the first 16 months of the 2022 election cycle is just 0.1% of that wealth gain. They're counting on that "small" investment in electing anti-tax Republicans to Congress to save them billions in taxes.

But what these billionaires donate to super PACs is not the full picture. Some billionaires and their corporations directly back candidates who are trying to sabotage our elections, limit our freedom, and oppose making the rich and corporations pay their fair share of taxes.

Join Americans for Tax Fairness Action Fund and our allies in demanding Congress tax the wealth of billionaires and limit their undue influence on our democracy.

Thank you for fighting for the future of our country and ensuring we all have an equal voice in our democracy.

Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund