From Americans for Tax Fairness (https://americansfortaxfairness.org/):
We need a major investment in human needs. And one critical way to get there is for the rich and powerful to finally pay their fair share in taxes.
Now, we have a plan that’ll do just that.
Senator Elizabeth Warren’s wealth tax will generate $3 trillion in revenue over 10 years by placing a small tax on the richest 0.05% of American households. If you don’t have wealth over $50 million, you won’t pay a dime!
Go to https://actionnetwork.org/petitions/become-a-grassroots-co-signer-of-elizabeth-warrens-pramila-jayapals-and-brendan-boyles-new-wealth-tax to become a grassroots co-signer of Elizabeth Warren’s wealth tax, which is critical to addressing poverty, inequality and the racial wealth gap―and advancing our agenda to meet human needs.
The wealth tax, officially known as the Ultra-Millionaire Tax Act, would place a small 2 cent tax on wealth between $50 million – $1 billion, and a 3 cent tax on wealth over $1 billion.
Just think: We could fully fund efforts to expand the Affordable Care Act and Medicare, improve the affordability of health care for older Americans and people with disabilities, expand rural health and mental health services, and fight the opioid epidemic.
We could repair our crumbling and dangerous infrastructure and create millions of good-paying jobs, transforming our economy away from fossil fuels and toward a green energy economy. We could build broadband access throughout our nation, opening the doors to the modern economy for all.
But that’s not all we can achieve if the wealthiest pay more of their share.
These critical funds could also be deployed to strengthen public education, make childcare affordable for working families, provide universal preschool and free public community college, and expand access to more advanced education, while also wiping out a lot of student debt.
Two-thirds of the American people are on board. Now we need Congress to act.
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