RE: Tell Congress: Pass the Millionaires Surtax Act

                                      

LOTS OF POSTS IGNORED BY BLOGGER.....

OR REMOVED ON THEIR WHIM!

ALL POSTS ARE AVAILABLE ON

MIDDLEBORO REVIEW AND SO ON

BLOGGER DOESN'T LIKE TRUTH OR FACTS!

BLOGGER DOESN'T LIKE FUND RAISERS AND DELETES

POSTS THAT INCLUDE FUNDRAISING THAT 'VIOLATES THEIR

UNDEFINED COMMUNITY STANDARDS SO ALL 'FUND RAISING'

IS DELETED - CONTRIBUTE AS YOU ARE INCLINED TO SUPPORT

IMPORTANT ISSUES! THESE ARE NOT SOLICITATIONS

On Tax Day, Sen. Chris Van Hollen and Rep. Don Beyer reintroduced the Millionaires Surtax Act. That bill focuses directly on the part of the tax code lawmakers keep avoiding: income above $1 million for individuals and $2 million for married couples. A 10% surtax on that income would raise about $1.5 trillion over the next decade.1 So why hasn’t Congress acted? Because the current system works exactly the way wealthy donors want it to. High-income households pull in massive earnings from capital gains, dividends, and business profits. Those income streams move through the tax code with lower rates and built-in advantages, allowing more wealth to stay at the top and grow even faster. That rigged system shows up every time lawmakers claim there isn’t enough money for healthcare, housing, education, or lowering costs. Tell Congress to stop shielding income over $1 million and pass the Millionaires Surtax Act so the richest households finally pay their fair share―and that revenue can be used to invest in our communities. SIGN & SEND The scale of this problem is enormous. The top 1% is projected to receive nearly a quarter of all income in the United States. The top 0.1% alone pulls in a massive share, driven heavily by investment income that faces different tax treatment than wages. That structure has consequences. Wealth keeps concentrating. Revenue that could support public investments stays locked at the top. And Congress continues to protect it. Voters are far ahead of Washington on this. More than 7 in 10 likely voters support raising taxes on the wealthiest Americans, including a majority of Republican voters. That support holds even after people hear arguments against it.2 Lawmakers know exactly where the public stands. And they will respond to pressure. Send a message right now and demand that Congress pass the Millionaires Surtax Act, make millionaires pay their fair share, and finally start raising revenue from the part of the economy that has been improperly protected for far too long. Let’s keep pushing until Congress starts treating tax fairness like the national priority it is. John Foti Legislative Director Americans for Tax Fairness Action Fund 1 Private Request for Analysis: The WhyNot Initiative Budgetary and distributional analysis of a progressive AGI surtax 2 Americans Want Billionaires to Pay More in Taxes

Paid for by Americans for Tax Fairness Action Fund