| Tell Congress: We urge you to raise capital gains taxes on millionaires and billionaires. | The Trump tax cuts signed into law in 2017 gave corporations and the ultra-wealthy even bigger tax breaks and even more loopholes to exploit. Corporations like Pfizer and Nike are paying $0 in federal income taxes. The mega-rich are paying less and less in taxes. One of President Biden's tax proposals would help correct inequities created by Trump's tax cuts. Increasing the capital gains tax for anyone making more than $1 million a year would make sure the wealthy pay more in taxes. The tax revenue can then fund the social safety net and public services for the people who can't throw millions around on stock buys. Sign the petition: Tell Congress to raise taxes on millionaires and billionaires! A 2024 report showed that not only did the Trump administration's signature tax cut legislation slash the corporate tax rate from 35% to 21%, the Trump tax cuts were full of loopholes that are allowing America's largest corporations to pay WAY less in taxes. The law also cut taxes for the ultra-wealthy, increasing economic inequality in America at a time when it was already skyrocketing. The Trump tax cuts are a disaster for anyone who's not a multi-millionaire or billionaire or…a massive corporation. Targeted tax increases to ensure the ultra-wealthy pay their fair share into Medicare, Social Security, Medicaid, public education, the fight against climate change, and much more is just the kind of policymaking we need. Add your name: Tax the rich! Urge Congress to raise the capital gains tax for millionaires and billionaires. |
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