John,

For decades, Republicans have peddled lies to the American people that tax cuts for the rich and corporations would “trickle down” into their pockets. In fact, those tax cuts for the rich and corporations only made the rich and corporations even richer.

In 2017, Republicans rammed through another “trickle-down” victory when they passed the Trump tax cuts for the wealthy and corporations. They made most of the corporate breaks permanent, but they set the tax cuts for individuals to expire after 2025 to make the bill appear less costly. Now, House Republicans are leading the charge to renew these tax cuts for the wealthy.

This comes at the same time that many House Republicans are threatening to hold the debt ceiling hostage unless they can cut programs like Social Security, Medicare, Medicaid and more.

It’s no coincidence that Republicans are proposing tax cuts for the rich and benefit cuts for everyone else—that’s been their agenda for decades. Donate today to fight back against Republicans’ plan to renew the Trump tax cuts for the rich.

Thank you for fighting back against tax plans that make millionaires and billionaires even richer.

Sarah Christopherson
Legislative and Policy Director
Americans for Tax Fairness Action Fund

-- Frank's email --

John,

Since Republicans took control of the U.S. House in January, they’ve voted to repeal new funding for the IRS being used to catch wealthy tax cheats, proposed a 30% national sales tax on everything you buy, and threatened to hold the economy hostage by not increasing the debt ceiling unless they can cut Social Security, Medicare, Medicaid and more.

Now, House Republicans are raising the curtain on their biggest agenda item—they just introduced top priority legislation to renew the 2017 Trump tax cuts for the wealthy.[1]

When Republicans first passed these massive tax cuts for the wealthy and corporations in 2017, not a single penny was paid for so they added more than $1.5 trillion to the deficit.[2] New estimates show that renewing the tax cuts when they soon expire could add $3 trillion more to the deficit.[3]

At the same time Republicans are hypocritically demanding that Congress cut federal spending to reduce deficits—by slashing critical programs and earned benefits like Social Security and Medicare, Medicaid and the Affordable Care Act, food stamps and child care, pre-K education and college aid, and more.[4]

Donate $5 today to power our fight to reject the Republican plan to give more tax breaks to billionaires and millionaires while demanding cuts to Social Security, Medicare, Medicaid, childcare, nutrition programs and more. Congress should instead be making the rich and corporations pay their fair share of taxes so we can strengthen these and other critical services that benefit working families.

It’s no surprise that the rich would reap the biggest benefits from renewal of the Trump tax cuts—that’s who the tax cuts were designed for in the first place. Just take a look at the chart below that shows how much the richest Americans would receive versus working families:

The top 0.1%, who all have incomes over $4.5 million, would get an average tax cut of $175,000 in the first year. However, more than one-half of taxpayers―100 million households making less than $75,000 a year―would get an average tax cut of just $329 a year. That’s less than $1 a day! Households making under $50,000 a year would get a tax cut of less than $200―about 50 cents a day![5]

Renewing the Trump tax cuts would be nothing more than a handout for the wealthy at the expense of the rest of us.

We’re fighting to make sure the public and Congress understand and reject Republicans’ outrageous tax plan. Donate today to help us tell Congress to reject more Trump tax cuts for the wealthy, which would add to our national debt and threaten critical programs for working families.

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Thank you for joining our fight for an economy and a tax system that works for everyone, not just the wealthy few.

Frank Clemente
Executive Director
Americans for Tax Fairness Action Fund

[1] “’Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt,” Common Dreams, Feb. 16, 2023
[2] “Budget and Economic Data,” Congressional Budget Office
[3] “Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households,” Tax Policy Center, Nov. 30, 2022
[4] “Prominent Republicans Calling for Cuts to Social Security & Medicare,” Americans for Tax Fairness, Feb. 28, 2023
[5] "Renewing The Trump Tax Cuts Benefits The Rich & Threatens Social Security, Medicare, Medicaid & More," Americans for Tax Fairness, Mar. 3, 2023