Tell Congress: Pass a Billionaires Income Tax and finally start taxing wealth like work

Wealthy Americans, especially billionaires, keep getting richer and richer while many working families barely keep their heads above water and struggle to afford healthcare, childcare, eldercare, education, housing and so much more.

These inequities are partly caused by our unfair tax system, which is essentially two tax systems―one that requires workers to pay income taxes out of every paycheck and another that enables billionaires to defer paying taxes for years, or avoid paying taxes altogether.

Over the last two years, since the pandemic began, America’s roughly 700 billionaires grew their fortunes by $2 trillion, or 70%. They are now worth a collective $4.6 trillion―one-third more than the bottom half of American society.

A billionaires income tax proposed by President Biden in his newly unveiled budget and also by Sen. Ron Wyden (D-OR), would tax billionaires’ wealth gains each year, just like workers’ wages are taxed each year. The President’s plan would raise at least $360 billion and Sen. Wyden’s plan would raise at least $550 billion.

This new revenue would help working families afford healthcare, childcare, eldercare, education, housing and more.

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If billionaires can get $2 trillion richer during the pandemic, they can pay their fair share on those wealth gains so we can have healthcare, childcare, free pre-K, and clean energy. It’s time we finally #TaxBillionaires!

Billionaires aren’t taxed when they sit on the couch and watch their stocks go up, but workers are taxed with every paycheck. That’s 👏 not 👏 right 👏

It’s time for a Billionaires Income Tax so billionaires pay their fair share, too. #TaxBillionaires

Billionaires shouldn’t pay a lower tax rate than teachers, firefighters, and nurses. But right now they do, because our tax code rewards wealth, not work.

It’s time to #TaxBillionaires. ✍️ Add your name and join in the fight now!

Dial (202) 224-3121. Once you’re connected with the office of your Members of Congress, leave a voicemail or tell the person who answers the phone:

“Hi, my name is ____________ and I live in [city, state]. I’m calling to urge the Senator/Representative to make billionaires start paying their fair share of taxes. A good way to do that is to support a billionaires income tax like the ones proposed by President Biden and Senator Wyden. That way, I won’t be paying a higher tax rate than a billionaire does. We need a Billionaires Income Tax.”