Congress is drafting a historic ten-year $3.5 trillion investment in jobs, healthcare, childcare, education, the environment, housing and more. Every dollar of revenue not raised from the rich and corporations is a dollar not invested in children, families and working people.
But, a group of at least 11 corporate Democrats in the House are standing in the way, trying to limit the size of the overall package of investments and the money raised from the rich and corporations to pay for it. It’s up to us to fight back and demand Congress go big and bold.
It’s time to end our rigged tax system and demand the rich and corporations start paying their fair share. Click here to send a message to your members of Congress today!
The Washington Post reports: “Corporate America launches massive lobbying blitz to kill key parts of Democrats’ $3.5 trillion economic plan.”
Did you know that last year, 55 Fortune 500 companies paid $0 in federal income tax? That’s right! Corporations such as FedEx, Nike and Hewlett-Packard paid $0 on $40.5 billion in profits. In 2018, 1,500 of the country’s biggest multinationals paid less than 8% in federal income taxes, well below what many working families pay, in part by shifting profits to offshore tax havens.
And, according to the latest billionaires report from Americans for Tax Fairness, total wealth of just 708 billionaires increased by an astonishing $1.8 trillion, or by 62%, during the first 17 months of the pandemic. That would pay for more than half of Biden’s entire ten-year $3.5 trillion Build Back Better package. Some of those billionaires, such as Jeff Bezos and Elon Musk, don’t even pay federal income taxes some years.
It’s time to end our rigged tax system and demand the rich and corporations start paying their fair share. Click here to send a message to your members of Congress today!
