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John,
Who’s bankrolling MAGA Republicans this election? According to our latest report, a major player is the right-wing super PAC Club for Growth Action and just three of their billionaire donors.
In this election cycle, Club for Growth Action has spent over $47 million in high-profile congressional elections—including the toss-up U.S. Senate races in North Carolina, Nevada and Arizona—in an attempt to elect far-right Republicans who will support their agenda of slashing federal income tax rates on the wealthy and corporations and repeal the Affordable Care Act.
Let’s take a look at a few of the top Club for Growth Action donors:
Richard and Elizabeth Uihlein—co-founders of Uline, a Wisconsin based industrial supply company—have donated more than $26.5 million to Club for Growth Action this election cycle and more than $66 million over the last 12 years. While they report an average annual income of $492 million, they received a $43.5 million tax cut in 2018 from a loophole slipped into the Trump Tax Scam by their senator, Ron Johnson. And this tax cut is the gift that keeps on giving!
The Uihlein’s “modest” investment in electing right-wing, anti-tax Republicans is definitely paying off.
Or, how about Jeffrey Yass—a Philadelphia-based finance billionaire known for mastering the art of high-frequency trading? Yass has contributed $5.5 million to Club for Growth Action this election cycle and more than $31 million over the last 12 years.
Yass is paying a small 3.8% surtax on his investment income to help pay for the Affordable Care Act. Had the Club for Growth succeeded in repealing the Affordable Care Act, Yass’ tax bill could have been cut by as much as $49 million a year!
Since the disastrous 2010 Citizens United Supreme Court decision opened the floodgates to unlimited contributions in our elections, Club for Growth Action has collected $117 million from 11 billionaires. This cycle, they invested in at least 14 federal primary races and their candidates won 11 of those primaries.
How about instead of buying elections, billionaires start paying their fair share in taxes?
Pitch in today to help shine a spotlight on billionaires buying our democracy and let the American people know exactly who is funding these MAGA Republicans who want to abolish the Affordable Care Act, slash taxes on the rich and corporations, cut Social Security and Medicare, and do away with all fiscal policies that support ordinary Americans, not billionaires.
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Together, we’re fighting for a democracy that is responsive to everyday people, not a handful of billionaires.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
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