Today, Americans for Tax Fairness (ATF) released letters to Congress signed by 620 state groups and 97 national groups in support of President Biden’s Build Back Better tax and investment plans. The letters are part of a nationwide grassroots campaign representing millions of Americans, including women, workers, retirees, students, teachers, faith leaders, and small business […]
August 8, 2021
97 NATIONAL ORGANIZATIONS SUPPORT PRESIDENT BIDEN’S TAX PLAN
Dear Member of Congress: President Biden’s Build Back Better proposals provide Congress a historic opportunity to move toward an economy that works for all of us, not just the wealthy and corporations. It includes long-overdue investments that will create good-paying jobs, rebuild communities and expand opportunities for working families that will reduce inequality. Importantly, the […]
August 8, 2021
620 STATE GROUPS SUPPORT PRESIDENT BIDEN’S TAX PLAN
Dear Members of Congress: President Biden’s Build Back Better proposals provide Congress a historic opportunity to move toward an economy that works for all of us, not just the wealthy and corporations. The president has proposed long-overdue investments that will create good-paying jobs, rebuild communities and expand opportunities for working families that will reduce inequality. […]
August 2, 2021
TALKING POINTS ON THE BIDEN TAX PLAN
These are poll-tested messages based on three national and 6 state surveys (see sources at end). Core Message About Build Back Better Plan and Taxes President Biden’s Build Back Better plan will create millions of good-paying jobs and help ease the burden of high costs facing working families. The plan will make sure the wealthy […]
OVERVIEW Federal tax returns of some of America’s wealthiest people reported on by ProPublica June 8, 2021, reveal that they pay no federal income taxes some years and often pay lower tax rates on their investment income, including asset-value growth, than workers pay on their wages. Overall: Some years billionaires pay no federal income taxes: […]
Sen. Ron Wyden (D-OR) wants to close a gaping tax loophole that lets wealthy noncorporate business owners dodge tens of billions of dollars in taxes a year. It was misleadingly sold as a Main Street business tax cut when enacted in 2017. Wyden would only let business owners making less than $400,000 a year get […]
Nation’s Tycoons Have Enjoyed a $1.8 Trillion Jump in Fortune Since Pandemic Start; Their Rise in Riches Alone Could Pay for Biden’s Proposed Family Investments The nation’s 713 billionaires have seen their collective wealth grow by an astronomical $1.76 trillion, or nearly 60%, since the start of the pandemic in March 2020, according to the […]
Today, Americans For Tax Fairness (ATF), along with 79 other national organizations, released a letter to Congress in support of President Biden’s Tax Plan. In the letter, the co-signers, write: “Biden’s plans are big and bold public investments financed by requiring the rich and corporations to pay their fair share of taxes. The president’s economic […]
TOPLINES “Stepped-up basis” is a huge tax loophole for rich people that allows them to avoid taxes on investment gains for their entire lives and pass those assets onto heirs who will never be taxed on that increase in value of the assets. President Biden would close this loophole that most benefits billionaires like Jeff […]
REFORM PROPOSALS IN THE BIDEN TAX PLAN Tax wealth like work. For people earning more than $1 million a year (the richest 0.3% of taxpayers), Biden will close the loophole that lets them pay a tax rate on the sale of stock and other assets that is far lower (20%) than the top rate workers […]