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John,
Billionaires are spending record sums of money buying elections.
In Georgia, where Herschel Walker is facing off against incumbent Senator Raphael Warnock, 11 billionaires have donated to super PACs seeking to defeat Warnock.[1]
In Arizona’s August primary, Paypal co-founder Peter Thiel is backing Republican Senate candidate Blake Masters to the tune of $13.5 million. Masters has called for privatizing Social Security and declared that Donald Trump won the 2020 election. Thiel also spent $15 million to help J.D. Vance, another election-denying anti-democracy U.S. Senate candidate, win the Ohio primary.[2]
According to a new Americans for Tax Fairness study, this election cycle 27 billionaires have already donated $89 million to just two GOP congressional super PACs―nearly half the money collected.[2] The wealth of these billionaires grew by $82 billion during the pandemic; their contributions are just 0.1% of that wealth gain. They're counting on that "tiny" investment in electing anti-tax Republicans to Congress to save them billions in taxes.
Working families can’t afford billionaires buying more elections to put people in power who will rig the rules in their donors’ favor instead of their constituents. Consider: the historic tax and investment plan that all of us worked so hard to secure over the last two years failed because of just one member of the Senate, who is partly being financed by billionaires.[3]
Donate today to demand Congress pass a Billionaires Income Tax and limit billionaires’ influence in our elections and our democracy.
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for fighting for a future that’s of the people and by the people, not of the billionaires, by the billionaires.
Maura Quint
Campaign Director
Americans for Tax Fairness Action Fund
[1] “These 6 Billionaires Are Helping Bankroll Herschel Walker’s Run For The Senate,” Forbes, July 7, 2022
[2] “Billionaires Buying Elections,” Americans for Tax Fairness, July 2022
[3] "Billionaire Republican Donors Are Now Giving To Manchin and Sinema, Forbes, Feb. 4, 2022
-- Frank's email --
John,
Billionaires are throwing their weight around in some of the most pivotal U.S. Senate races of 2022, hoping to elect candidates who are hostile to democracy, abortion rights and Social Security―and very much anti-tax and pro-billionaire.
They want to continue the gridlock in Congress, and put politicians in power who will say “no” to raising taxes on the wealthy and corporations. Just this week we saw what a difference a single Senate seat can make when Sen. Joe Manchin (D-WV) pulled his support for policies that would make the rich and corporations pay a fairer share. We need more senators who will hold the Billionaires Class accountable.
Just look at this headline:[1]
Americans for Tax Fairness just released a new report detailing billionaires buying elections. And, we just organized national allies to rally millions of voters to push members of Congress to act.
We’re demanding billionaires pay their fair share of taxes each year, just like you and I. When they do, they’ll have a lot less to spend on destroying our democracy and rigging our tax system.
Pitch in today to fight for a democracy that’s of the people and by the people, not of the billionaires, by the billionaires.
In Georgia, billionaires are falling head over heels for former NFL running back, and major Trumper, Herschel Walker in his Senate race against incumbent Senator Raphael Warnock.
Billionaires including Home Depot co-founder Bernie Marcus, industrialist Dennis Washington, investors Charles B. Johnson and Nelson Peltz, oil and gas magnates Trevor and Jan Rees-Jones, ex-casino mogul and ex-RNC Finance Chair Steve Wynn have all donated at least $100,000 to a pro-Herschel Walker and anti-Raphael Warnock super PAC.
Other billionaires pitching in to defeat Warnock include banker Andrew Beal, Trump business partner Phil Ruffin, Excel Communications founder Kenny Troutt, ABC Supply cofounder Diane Hendricks, and Leslie Liautaud, the wife of Jimmy John’s founder Jimmy John Liautaud. They have all donated to Trump-founded super PACs that have spent nearly $200,000 on ads against Warnock.
In the 2020 election, billionaires spent $1.2 billion attempting to buy our democracy―40 times more than they’d spent just a decade prior. 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.
We’re watching the power of their dark, dirty money play out in real time as they influence members of Congress to torpedo tax fairness proposals. We’re demanding Congress listen to working people, not the billionaire-interests.
Donate today to fight for a Billionaires Income Tax and to hold these billionaires accountable!
If you've saved your payment information with ActBlue Express, your secure donation will go through immediately:
Thank you for fighting for a democracy and a tax system that works for everyone, not just the Billionaire Class.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “These 6 Billionaires Are Helping Bankroll Herschel Walker’s Run For The Senate,” Forbes, July 7, 2022
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