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Date: 2024-12-26 Page is: DBtxt003.php txt00019495

Taxation
Making taxation fair

This Labor Day weekend, let’s demand that billionaires pay their fair share in taxes.

Burgess COMMENTARY

Peter Burgess
This Labor Day weekend, let’s demand that billionaires pay their fair share in taxes. Frank Clemente Unsubscribe Sat, Sep 5, 1:15 PM (2 days ago) to me Peter, For generations, U.S. workers have fought for the labor and financial protections we enjoy today―the minimum wage, overtime pay, unemployment benefits, health benefits, worker-safety protections and more. Even Social Security and Medicare. In the midst of the pandemic, those protections are all the more important, with millions of people still out of work, and others working in unsafe conditions. And, while we continue to fight for fair pay and benefits at this critical time of need―there are those who are seeing their fortunes grow exponentially in the midst of this health and financial crisis. According to Americans for Tax Fairness research, 467 billionaires have seen their wealth grow by $732 billion―or 30%―since the pandemic began. That’s $5.2 billion a day. Thankfully, our champions in Congress, Senator Bernie Sanders and Representative Ilhan Omar, have a plan to apply a 60% tax on the extreme wealth gains of billionaires whose fortunes grow from the beginning of the pandemic in March through the end of the year. They want to use that revenue to cover the out-of-pocket healthcare expenses of millions of Americans for the next year. If you haven’t already, become a grassroots co-sponsor of Bernie Sanders and Ilhan Omar’s Make Billionaires Pay Act. If you’ve already signed, along with over 53,000 other supporters, please share the petition on Facebook, growing support for this critical legislation. Americans for Tax Fairness was instrumental in the crafting of this bill, providing the research and data of how much these billionaires have seen their wealth grow during the pandemic and how much revenue this bill would raise. Together, we’re demanding that Congress pass a pandemic response that puts working people and vulnerable families first. That means taxing the wealth gains of America’s billionaires. That means putting direct cash payments of $600 per week into the hands of the unemployed. That means passing an evictions moratorium and rental assistance to protect millions of families from homelessness. And that means covering the out-of-pocket healthcare expenses of millions of Americans in the midst of a pandemic. Become a grassroots co-sponsor of the Make Billionaires Pay Act today. And if you’ve already signed, please share our petition and graphic on Facebook to show your support for Senator Sanders’s and Representative Omar’s bill that would tax the extreme wealth gains of billionaires while covering the out-of-pocket healthcare expenses of millions of Americans. Thank you for all you do to demand 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 Paid for and authorized by Americans for Tax Fairness Action Fund Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Americans for Tax Fairness Action Fund, please click here. Andrea Haverdink 9:33 AM (5 minutes ago) to me Peter, This Labor Day, let’s fight for protections for working people―paid for by taxing the extreme wealth of billionaires. Last month, Americans for Tax Fairness released a new report detailing how 467 billionaires have seen their wealth grow by $732 billion in the midst of the pandemic―or $5.2 billion a day. We brought these findings to Senator Bernie Sanders and Representative Ilhan Omar and helped them craft the Make Billionaires Pay Act, which would tax the extreme wealth gains of a handful of billionaires by 60% and use that revenue to cover the out-of-pocket healthcare expenses of millions of Americans for the next year. This Labor Day, let’s demand that billionaires pay their fair share in taxes and use that money to lift up millions of U.S. households. Become a grassroots co-sponsor of Bernie Sanders and Ilhan Omar’s Make Billionaires Pay Act today. If you’ve already joined over 53,000 people in signing on, please share our petition and graphic on Facebook and encourage your friends and family to sign. Thank you and happy Labor Day, Andrea Haverdink Digital Director Americans for Tax Fairness Action Fund
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