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John,
In our latest installment of scary billionaires, meet our ghost, Jeffrey Yass.
Yass is the billionaire owner of a powerful Wall Street trading firm, an early investor in TikTok, and the 36th richest man in the country at $30 billion.[1] And he’s trying to buy our democracy.
In the 2020 election cycle, Yass spent $30 million bankrolling extreme Republican Super PACs like the anti-tax Club for Growth Action and the Protect America PAC, both of which backed lawmakers who tried to overturn the 2020 election results.[2][3]
In the 2022 election cycle, Yass has pumped $33 million into federal Super PACs to fund right-wing politicians who will join his crusade to cut taxes and privatize public education.[4]
Help us shine a spotlight on the richest man in Pennsylvania and let voters know exactly who is hiding behind a sheet, secretly bankrolling right-wing candidates and causes. Donate today!
Jeffrey Yass is on a personal mission to keep his taxes low while simultaneously underfunding public education―even as Pennsylvania ranks among the lowest in public school funding at 44th in the nation.[5]
In fact, Yass managed to avoid over $1 billion in taxes over six years, paying a tax rate lower than many middle-class Americans.[6]
Instead of spending his fortune bankrolling conservative candidates and anti-public education campaigns, it’s time that Yass paid his fair share in taxes!
Pitch in today to shine a spotlight on scary billionaire Jeffrey Yass and let voters know exactly who is lurking in the shadows, destroying public education and our democracy.
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Together, we’re taking on billionaires buying our elections.
Andrea Haverdink
Digital Director
Americans for Tax Fairness Action Fund
[1] Forbes real-time billionaires list, Oct. 21, 2022
[2] “Billionaire backer feels 'deceived' by Josh Hawley over election objections,” The Guardian, Jan. 18, 2021
[3] “Billionaires backed Republicans who sought to reverse US election results,” The Guardian, Jan, 15, 2021
[4] Forthcoming Americans for Tax Fairness report on billionaires buying elections based on Federal Election Commission data
[5] “PSBA Legislative Priority Issue: Provide a Significant, Continued Financial Investment for School Districts,” Pennsylvania School Boards Association
[6] “How Susquehanna’s Jeff Yass Avoided $1 Billion in Taxes,” ProPublica, June 23, 2022
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