Tax billionaires!
Petition to Congress:
We urge you to make billionaires and big corporations pay their fair share of taxes, and support working families over the ultra-rich.
April 15th is Tax Day, but while millions of working people prepare to pay their fair share of taxes, the ultra-wealthy and big corporations are getting away with paying little or NOTHING in taxes because of loopholes and cheating.
Elon Musk, Jeff Bezos, and other billionaires are getting away with paying little or no taxes because of laws that protect their massive wealth gains in the stock market and a slew of legal loopholes in America’s tax system. Congress must end these tax giveaways to billionaires and big corporations now!
Sign the petition: Tax the rich so America can fund public health care, education, the social safety net, and the fight against climate change!
It’s not just billionaires avoiding paying taxes. Between 2018 and 2022, America’s largest corporations saw their profits skyrocket into the trillions.1 Over those same five years, the top five companies paid a measly 14% in taxes.2 Spoiler: that’s significantly less than what working people pay.
Taxes from giant corporations and billionaires could be used to make big investments in what we need most, like fighting climate change and supporting Medicare. Instead, some Republicans want to give the rich even more tax cuts. Out of these proposed new tax cuts, the poorest fifth of Americans would receive just 1% while the wealthiest 20% would receive nearly two-thirds of the cuts.3
Add your name: As taxes come due, Congress needs to stand up for working families and make the 1% pay up.
Sources:
- CNN, “America’s largest companies are fueling inequality, says new study,” March 26, 2024.
- Institute on Taxation and Economic Policy, “Corporate Tax Avoidance in the First Five Years of the Trump Tax Law,” February 29, 2024.
- Institute on Taxation and Economic Policy, “Extending Temporary Provisions of the 2017 Trump Tax Law: National and State-by-State Estimates,” May 4, 2023.