Tell Congress: Let the pass-through loophole expire
One of the worst parts of the Trump-GOP tax scam is the “pass-through” loophole, with more than half of its tax cuts going to households with over $1 million of annual income.
In fact, seven billionaires, including Michael Bloomberg and Republican mega-donor and packaging king Richard Uihlein, were able to cut their collective tax bills by almost $200 million in a single year thanks to the pass-through loophole.
Permanently extending the pass-through loophole―as Donald Trump and congressional Republicans want to do―would cost over $700 billion in lost revenue in the first 10 years alone. That’s $700 billion that if we let the loophole expire we could instead invest in working families. For example, it’s enough to provide free preschool for all 4-year olds and expanded childcare for 16 million kids for 10 years.
Add your name to demand Congress let the pass-through loophole expire in 2025. Instead of allowing wealthy business owners to pocket hundreds of billions of dollars in tax breaks, we should be investing that tax revenue in programs and services for working families