We need tax reform the benefits everyday Americans now!
| Democratic Values is dedicated to supporting candidates who stand strong on their Democratic principles and stand up to the MAGA far-right extremists tearing apart our country. If you really want to receive only our most urgent emails, click here. If you'd like to stop receiving these messages, you may unsubscribe. |  | | Jason, Did you know we're still operating under Donald Trump's tax code? It's true — but some major components of the 2017 Trump-GOP tax law are set to expire at the end of 2025. Republicans want to make these provisions permanent, which benefit the wealthy corporations and add trillions of dollars to our national debt. One of the expiring provisions is a cut to the top individual tax rate from 39.6% to 37%. This might not sound significant, but it allowed wealthy households with an adjusted gross income of $2.5 million (that's the top 1%) in 2021 to avoid paying up to $64,000 in taxes. America's 400 richest taxpayers, who reported a collective annual income of $107 billion, received an estimated $800 million tax cut in the first year of this provision. Today, we're taking action by calling on the House Ways and Means Committee to build a tax system that works for all Americans, not just the wealthy few. If you're in agreement, sign the petition now. That tax rate provision isn't the only one that hurts everyday Americans. Trump's tax code also created loopholes for billionaires to use to avoid millions of dollars in taxes. In fact, just seven individual billionaires used to cut their collective taxes by $200 million in one year. Congress needs to let these tax provisions expire. It's time for Congress to focus on raising the corporate tax rate, closing loopholes that benefit billionaires, and expanding refundable tax credits for hardworking families. By letting these Trump-era tax provisions expire as scheduled, and implementing these reforms, we could raise trillions in revenue. The money generated from fairer taxes for billionaires and corporations could fund vital public services, cut our deficit, and invest in social programs. We need to act now to make our voices heard. The House Ways and Means Committee has opened a comment portal asking for public input on extending key provisions of the 2017 Trump-GOP tax cuts. This is a critical moment, and these lawmakers need to hear from everyday people like us. Take action now and sign our petition to the House Ways and Means Committee. We need real tax reform that benefits hardworking Americans and their families, not billionaires and wealthy corporations. Thank you, Democratic Values | | Paid for by Democratic Values PAC Democratic Values PAC
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