Take Action: Tell Congress to support President Biden's budget! President Biden's budget would: -
Raise corporate tax rates to reverse the giant 2017 giveaway signed by the previous President, and ensure that billion-dollar corporations are paying their fair share; -
Restore full funding to the IRS so they can go after wealthy tax cheats; -
Put an end to capital income tax breaks and other breaks (like the carried interest loophole) for the very wealthy, to ensure that income derived from capital isn't given preferential treatment -- and that finally, the very well-off will start paying something closer to their fair share of taxes. -
Deliver very significant tax savings for working families through expansion of the Child Tax Credit and Earned Income Tax Credit -
Quadruple the tax on corporate stock buybacks from 1% to 4% to slow down this Wall-Street-favoring practice that's become all too common, and instead encourage corporations to invest in workers and productivity enhancements; -
Eliminate unproductive, planet-destroying tax subsidies for oil, gas and fossil development at a time when oil companies are making obscene levels of profit and the catastrophic risks to our shared climate could not be any clearer. -
Call for expanding Social Security and Medicare. Donald Trump didn't release a budget this year―he's too busy running from courtroom to courtroom fighting his felony charges. But his MAGA cronies in the House of Representatives did, and their budget proposal would create a commission designed to slash Social Security and Medicare behind closed doors, all while slashing taxes for millionaires, billionaires and corporations.. Sign now: Tell Congress to support President Biden's budget! In solidarity, Mike Phelan Progress America |
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