From Tre Graves, Democracy for America <[email protected]>
Subject We must change the way we tax the ultra-rich
Date October 24, 2022 11:24 PM
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John,

At DFA, we work to elect candidates that understand government should be
run by the people, not by the rich and powerful.

Over the years, we’ve helped elect fighters like Katie Porter, Alexandria
Ocasio Cortez, Elizabeth Warren, and Ro Khanna people that will always
work hard to create a progressive tax system that benefits all of us, not
just those at the top.

We can’t just sit back as the richest people in our nation accumulate
unimaginable wealth and use it to dictate legislative outcomes. If the
rich truly paid their fair share, we would create an economy that helps
everyone get ahead, and that’s how it was decades ago.

In fact, in 1960, America had 26 income tax brackets and inequality was
near its lowest level. Right now though, we have only seven tax brackets
creating a situation in which a household in the top 1% has a total tax
rate essentially equal to a household in the bottom 50%.

That’s why we must push Congress to create new tax brackets that create a
real progressive tax system, making wealthy individuals pay their fair
share.

[ [link removed] ]Tell Congress: Add new tax brackets, so people who make more than $1
million, $5 million all the way up to more than $100 million a year, pay
progressively higher tax rates than everyone else.

add your name: [link removed]

With income and wealth continuing to become more concentrated at the top,
it’s critical for us to unrig the tax code.

Even just raising the tax rate for those at the top by just one percent,
we would generate over $100 billion, a move that would help fund critical
investments for working people.

By returning to the progressive tax system our nation had decades ago, we
can even the playing field, and raise hundreds of billions in the process.
But we have to get Congress to act.

[ [link removed] ]Tell Congress: Add new tax brackets, so people who make more than $1
million, $5 million all the way up to more than $100 million a year, pay
progressively higher tax rates than everyone else.

add your name: [link removed]

Together, we will make sure the wealthy pay their fair share, help fund
services for working people, and make our democracy work for the 99
percent.

- Tre

Tre Graves
Digital Organizing Coordinator
Democracy for America

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With our work to reach voters and get them to the polls at its most
important stage, can you join us on Tuesday, November 1st at 8:00 PM ET/
5:00 PM PT for our last member meeting before the election?

At the meeting, you’ll get to meet these DFA candidates and learn about
what you can do to help DFA GOTV in the last 7 days.

Jevin Hodge (U.S. House, AZ-01)
Jim Obergefell (Ohio State House, HD-89)
Malcolm Hall (North Carolina State House, HD-51)
Robert Zeigler (Pennsylvania State House, HD-171)

[ [link removed] ]Let us know if we'll see you there!

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