Working Vermonters are struggling to pay for basic needs, especially healthcare and decent schools. Meanwhile, the wealthiest Vermonters are getting richer as they reap the windfall from Trump’s tax cuts. This state of affairs cannot continue.

The wealthiest Vermont residents must pay their fair share of taxes so that working Vermonters can continue to afford to live in this state – and not just live but truly prosper.

Green Mountain Democratic Socialists of America is building a coalition of labor and community organizations to pass the PROSPER Act (H.794). This bill would raise taxes on the wealthiest 5% of Vermonters to fund universal healthcare and public-school construction. Specifically, H.794 would:

• Impose a 2% income tax surcharge on individuals making $250,000 or more per year and an additional 6% surcharge on individuals making $500,000 or more per year.
• Impose a Wealth Transfer Tax of 4% on the net investment incomes of high-earning individuals, estates and trusts.
• Create additional property tax brackets and raise taxes on second homes.
• Combined revenues from the income and wealth taxes would go towards funding the implementation of Act 48 and finally realizing universal healthcare for all Vermonters.
• Revenue from the second-home tax would go towards school construction aid to address Vermont’s aging public school infrastructure.

Join the Tax the Rich – Vermont (TTRV) Coalition to fund Vermont’s future. Coalition partners are asked to commit to the following:

1. Publicly endorse the PROSPER Act (H.794) and add your union/ organization’s name to the supporters’ list.
2. Ask your members to sign the petition and encourage them to engage their legislators.
3. Send at least one representative to Coalition meetings – held virtually every other Sunday from 6-7 p.m. (next meeting February 15).

Please contact us at hello@greenmountaindsa.org if you have any questions or would like additional information.