ATF Reaffirms its Commitment to Fight Trump Tax Scam Amid Second Trump Term

 Today, President Trump was formally inaugurated as the 47th President of the United States. Numerous billionaires and CEOs from major corporations were part of a select group to join the President in the Capital Rotunda for his inauguration ceremony. In response, Americans for Tax Fairness released the following statement.

“Today marks the beginning of an administration dominated by billionaires and corporate interests. Unsurprisingly, a billionaire president and his top advisor—the wealthiest person on earth—will prioritize passing $5 trillion in new tax cuts benefiting themselves and their wealthy allies, all at the expense of everyday Americans,” said ATF Executive Director David Kass. “Let’s be clear: the next four years will be a tremendous challenge. We are committed to fighting back against a second Trump Tax Scam because the first one helped to double billionaire wealth and exploded the deficit. ATF and its coalition members will stand on the front lines pushing back against these deeply harmful measures and fighting for a tax code and economy that works for everyone, not just the wealthy few.” 

For more information on the incoming administration, ATF published a report on the incoming president’s proposed cabinet revealing that President-Elect Trump’s wealthiest nominees and transition team officials have a combined wealth exceeding $313 billion. Even without Elon Musk—the world’s richest man and Trump’s Co-Director of the Department of Government Efficiency—the average net worth of Trump’s Cabinet is $616 million.