Hi,
The best time to pass a billionaire wealth tax was yesterday, the second
best time is today.
Congress can’t wait any longer, because surprise, surprise the year is
2022 and billionaires are flooding GOP Super PACs with money. And what do
you know? Almost ALL of the money is coming from Wall Street.^1
[ [link removed] ]Sign the petition: Tell Congress it’s time to start taxing billionaire
wealth!
ADD YOUR NAME
The billionaire class is playing a rigged game. First, they hoard their
wealth by avoiding taxation and regulation. Then, they use that wealth to
heavily influence Congress. Finally, Congress helps them further increase
their wealth through tax breaks and de-regulation. And because this has
worked so well for them, naturally they decide to do it all over again.
This cycle is not only repeating itself, but it is snowballing out of
control. One of the first and best ways to fight this assault on democracy
is to tax billionaire wealth!
U.S. billionaires saw their total wealth grow by $2 trillion during the
first two years of the pandemic. That’s a 70% increase! And yet, they paid
about an 8% federal income tax rate. That’s less than most ordinary
Americans pay!^2
It is long past time for the wealthiest Americans and big corporations to
pay their fair share of taxes. When they take unfair advantage of the many
loopholes in the tax code the rest of us pick up the tab.
That’s why it’s time to tax those massive earnings once and for all.
Democracy is not for sale.
[ [link removed] ]Sign the petition: Tell Congress to tax billionaire wealth!
Thanks for taking action,
Miguel and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Americans for Tax Fairness, “Report: Billionaires Buying Elections,”
[ [link removed] ]July 13, 2022.
2. White House Briefing Room, “New OMB-CEA Report: Billionaires Pay an
Average Federal Individual Income Tax Rate of Just 8.2%,” [ [link removed] ]September 23,
2021.
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