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John,
Whether it’s running on the Billionaire Minimum Income Tax―which is supported by 74% of voters―or explaining to voters the benefits of the Inflation Reduction Act, Democrats have a ready-made economic message to run on. Let’s make sure they use it!
Click here to write to your Democratic members of Congress and urge them to run on this strong economic message―it’s critical to getting voters to the polls!
And thanks for taking a moment to fight with us for an economy and a tax system that puts working people, not millionaires and billionaires, first.
Maura Quint
Campaign Director
Americans for Tax Fairness Action Fund
-- Frank's email --
John,
While there are a lot of critical issues on the ballot this year, with abortion rights and saving our democracy being top of mind, we know the #1 issue that is affecting how people will vote is the economy, and especially inflation. Thankfully, Democrats have a ready-made economic message―if they choose to use it.
New polling by Impact Research for Americans for Tax Fairness and ATF Action Fund found that 70% of likely voters support the recently-passed Inflation Reduction Act when they learn about its benefits in lowering prescription drug prices, health insurance costs and utility charges―and that it’s paid for by making billion-dollar corporations pay a 15% minimum tax and by increasing tax enforcement to crack down on wealthy and corporate tax cheats, while not raising taxes on anyone making under $400,000 or on small businesses.[1]
The problem is, as the poll shows, most voters do not know how this law will benefit them and their neighbors.
The poll also found that 74% of voters support a Billionaire Minimum Income Tax―including 55% of Republicans! It will make the wealthy pay their fair share by requiring those worth more than $100 million to pay an income tax rate of at least 20%.
Many billionaires are currently paying a lower tax rate than the average taxpayer, including nurses, firefighters, and teachers. The billionaire income tax will close a loophole that currently allows some billionaires to pay little or no federal income taxes on their investment gains.
Write to your Democratic members of Congress and urge them to start boasting about the benefits of the Inflation Reduction Act and to support the Billionaire Minimum Income Tax in the House (H.R.8558) or Senator Ron Wyden’s Billionaires Income Tax in the Senate―and to run on these critical issues over the final 5 weeks of the election!
Republicans consistently understand how to message the economy to voters, even while their policies benefit the wealthy and big corporations. Mitch McConnell’s billionaire-funded super PAC, Senate Leadership Fund, spent $70 million on TV ads just between Labor Day and the end of September.[2] His ads talked mostly about inflation, taxes and the IRS, and "wasteful" government spending.
Democrats need to focus on their own economic message over these final 5 weeks before Election Day!
The Inflation Reduction Act will help reduce inflation by allowing Medicare to negotiate lower drug prices, capping out-of-pocket prescription drug costs and the cost of insulin for seniors, and lowering health care premiums by an average of $800 a year for 13 million people. It also invests in increasing the production of clean energy to combat climate change and reduces the federal budget deficit by about $300 billion.[2]
Democrats’ accomplishments put money in people’s pockets while investing in our future and cracking down on wealthy and corporate tax cheats.
Click here to write to your Democratic members of Congress and urge them to support a Billionaire Minimum Income Tax and to explain to voters how Democrats’ accomplishments are putting money in the pockets of working people and seniors.
The Impact Research polling shows that this is hands-down a winning economic message for Democrats to run on, including against Republican attacks. We need to make sure they use it!
Thank you for taking action today,
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
[1] “Polling: Taxes in the Inflation Reduction Act,” Americans for Tax Fairness
[2] “GOP sees path to Senate majority via Nevada and Georgia amid spending boost,” The Washington Post, Oct. 1, 2022
[3] “Inflation Reduction Act: Key Facts,” Americans for Tax Fairness, Sep. 28, 2022
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