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John,
With Election Day fast approaching, Americans for Tax Fairness is out with a new report on billionaires buying elections.
New data shows that 465 billionaires have pumped at least $881,000,000 into the 2022 federal midterm elections―27 times more than billionaires contributed before the disastrous Citizens United Supreme Court decision in 2010 that opened the floodgates to unlimited campaign contributions to super PACs from the wealthy and corporations. Just look at this new graphic:
Listed among the top 10 billionaires buying our elections are a few who you voted as your “Scariest Billionaires” in our recent Halloween vote: co-founder of PayPal and early Facebook investor Peter Thiel and co-founders of a Wisconsin-based industrial supply company, Richard and Elizabeth Uihlein. Combined, the Uihleins and Thiel have contributed $97.4 million to right-wing candidates and super PACs this election cycle.
In fact, three-quarters of the nearly $900 million donated came from just 20 billionaire households.
This massive concentration of wealth among an elite few is poisoning our democracy and ultimately the laws we live by.
Donate today to shine a spotlight on billionaires buying elections and to demand Congress pass the Billionaire Minimum Income Tax so that the richest 0.01% of Americans pay taxes on their wealth gains each year, like the rest of us pay taxes on our wages.
Billionaires represent 0.000002% of the American population, but they're responsible for 7.4% of all political donations so far this cycle. And they’re largely bankrolling right-wing candidates including U.S. Senate candidates JD Vance in Ohio, Blake Masters in Arizona, and Senator Ron Johnson in Wisconsin.
All three are locked in close races that could tip the balance of power in the Senate.
Donate today to share the brand new report from Americans for Tax Fairness about billionaires buying elections with voters across the country and let them know who’s spending big bucks to influence their vote, take away our rights, and rig our economy so they continue to not pay their fair share in taxes.
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Thank you for being by our side as we fight together for the future of our democracy.
Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund
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