rich 1.0 Action Network https://actionnetwork.org <link href='https://actionnetwork.org/css/style-embed-v3.css' rel='stylesheet' type='text/css' /><script src='https://actionnetwork.org/widgets/v6/letter/this-tax-day-tell-congress-to-tax-the-rich?format=js&source=widget'></script><div id='can-letter-area-this-tax-day-tell-congress-to-tax-the-rich' style='width: 100%'><!-- this div is the target for our HTML insertion --></div> Patriotic Millionaires https://actionnetwork.org/groups/patriotic-millionaires https://can2-prod.s3.amazonaws.com/groups/default_facebook_images/000/254/238/original/PatMillz.jpg?1657828704 Tax Day serves as a yearly reminder that the ultra-wealthy can bypass many of the frustrating hurdles in our tax code at the expense of working people—and that it’s on us to continually call on lawmakers to raise our taxes. But now more than ever, we need Congress to act urgently, as we are facing an inequality crisis so extreme that it threatens the essence of our democracy.   We’ve been saying that we need to tax the rich for a while, but we recently put our money where our months have been by unveiling our new legislative platform, “AMERICA 250: The Money Agenda.” The platform consists of four powerful, mutually-reinforcing pieces of legislation that would ensure prosperity and stability for America’s next 250 years ahead of its 250th birthday in 2026. They include: The “COST OF LIVING” TAX CUT Act, which would provide a Cost of Living Exemption (COLE) on federal taxes equal to the median cost of living for a single adult with no children, and shift responsibility for those revenues from the working class to the millionaire class. The “COST OF LIVING” WAGE Act, which raises the federal minimum wage to the median cost of living for a single adult with no children, and protects American workers by ensuring that every full-time job pays at least enough to support a single individual. The EQUAL TAX Act, which equalizes tax rates for capital gains and ordinary income over $1 million, and disrupts the “buy, borrow, die” strategy used to minimize and eliminate the tax obligations of the uber-wealthy. The ANTI-OLIGARCH Act, which would be divided into two phases. The first phase would prevent further wealth concentration by implementing significant taxes on the intergenerational transfer of wealth, on large sums of trust-held wealth, and on the true economic income of America’s ultra-rich. The second phase would dismantle the existing American oligarchy by taxing the wealth held by the ultra-rich sufficiently. Click “Start Writing” to send a message to Congress, urging them to save our democracy and tax the rich. https://actionnetwork.org/letters/this-tax-day-tell-congress-to-tax-the-rich