SIGN NOW: IT’S TIME THAT MILLIONAIRES START PAYING THEIR FAIR SHARE
All Members of Congress
Our nation faces two big obstacles, among others, to creating an economy that works for all of us. First, the gap between the rich and everyone else keeps getting wider. While those at the top are soaring way ahead, working families are struggling. Second, the wealthy and corporations are not paying their fair share of taxes. If they did, we could raise trillions of dollars to protect Social Security, Medicare and Medicaid, and to make new investments in healthcare, education, housing, childcare, infrastructure and clean renewable energy.
Senators Chris Van Hollen (D-MD) and Sherrod Brown (D-OH) and Rep. Don Beyer (D-VA) have introduced a Millionaires Surtax ― paid by the richest 0.2% ― that would begin to close the gap between the rich and everyone else and allow us to fund new investments that benefit working families.
The Millionaires Surtax will create an additional 10-percentage point tax on all income earned by households making $2 million or more each year and individuals making $1 million or more.
According to the Tax Policy Center, the surtax will generate an additional $635 billion over ten years that can be used to invest in critical services for working families. A recent poll by Hart Research found that the surtax is supported by 73% of voters, including more than one-half of Republicans.[1]
Due to a rigged tax system, including the 2017 Trump-GOP tax scam that gave massive handouts to huge corporations and wealthy CEOs on Wall Street, we have an economy that greatly favors the wealthy while the rest of us are stuck picking up the tab.
A Millionaires Surtax would apply to all income earned by the top 0.2% ― including wages, salaries and wealth that comes from Wall Street investments such as stocks. The rest of us (the other 99.8%) would not pay an extra dime.
Become a co-signer of the Millionaires Surtax today to begin to create an economy that works for all of us, not just the wealthy few.
[1] "Polling," http://surtax.org/polling, November 7th, 2019
To:
All Members of Congress
From:
[Your Name]
We need a Fair Share Tax System that creates an economy that works for all of us, not just the wealthy few. A good place to start is a Millionaires Surtax proposed by Senators Chris Van Hollen and Sherrod Brown and by Representative Don Beyer. It would apply a new 10-percentage point increase in taxes on annual income above $2 million for married couples and $1 million for individuals ― the richest 0.2% of Americans. The other 99.8% won’t pay a dime. We call on Congress to pass the Millionaires Surtax to raise $635 billion in additional revenue over 10 years and invest in critical services for working families.