Tell Congress: Tax millionaires and billionaires
  • Petitioned U.S. House of Representatives

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U.S. House of Representatives
U.S. Senate

Tell Congress: Tax millionaires and billionaires

    1. Sponsored by

      <span>CREDO Action</span>

 

There's an epidemic of home foreclosures. Unemployment is rampant. The cost of food, gas and health care is going up. Families across the country are falling into poverty, while many more are struggling just to get by.

And now the same Republicans who only months ago went to the mat to extend the Bush tax cuts for the wealthy are saying we cannot afford our social safety net because "we're broke."

There is something deeply wrong with our priorities as a country if we're cutting back on services for children and the elderly, the sick and the destitute, and anything that helps the middle class stay afloat while simultaneously cutting taxes for the likes of Paris Hilton and the Koch brothers.

We cannot allow the budget to be balanced on the backs of the very people who've taken it on the chin during this economic crisis.

Progressives need to offer an alternative to the morally bankrupt and economically baseless dogma of "tax cuts for the rich, massive spending cuts for everyone else." And the alternative cannot be simply to propose slightly less brutal spending cuts. We need to put tax increases back on the table.

While President Obama and some of the Democratic leadership have fallen into this trap of accepting the rightwing framing of the debate, progressive champions Rep. Jan Schakowsky and Sen. Bernie Sanders are leading the fight for a real solution to our budget crisis.

They have each introduced a bill to raise the income tax rates on people who make more than one million dollars a year. And they need our help to start changing the narrative around the budget.

Increasing taxes on millionaires and billionaires won't be a silver bullet, but it would bring in tens of billions of dollars that would allow us to avoid some of the most brutal budget cuts we're now facing. And it would be a step toward making our tax system more fair.

The disparity between the rich and the poor is growing in a way that is deeply unhealthy to our society. The richest 1% of Americans are making 24% of the country's income, which is the highest share it has been since the 1930s. The 1930s were also the last time the richest 1% have so consistently paid such a low income tax rate. And as Michael Moore has pointed out, the top 400 Americans own more wealth than the bottom 50% of Americans put together.

This wide gulf between the haves and the have-nots not only affects our economy, it distorts our democracy. We have to take action before it's too late.

Tell Congress: It's time to raise taxes on millionaires and billionaires.

There is also a "big picture" reason to support these bills. Democrats are the party of FDR. With the introduction of the bills to tax millionaires and billionaires, we can push the Democratic leadership to start acting like it.

The government should be expanding services to the needy, should be investing more in infrastructure and education, not cutting back.

Tell Congress: Tax millionaires and billionaires.

Now, more than ever, we need you to speak out.

 

To:
U.S. House of Representatives
U.S. Senate
Anyone who is making more than a million dollars a year can afford to pay more to prevent brutal budget cuts. Rather than shred the social safety net when we need it most, tax millionaires and billionaires. It's long past time for the super wealthy to pay their fair share.

Sincerely,
[Your name]

Recent signatures

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    1. Reached 25,000 signatures

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    Reasons for signing

    • RALPH DI TORO NY, NY
      • almost 3 years ago

      OUR GOVET IS TO SERVE THE NOT THE CORPORATION

      REPORT THIS COMMENT:
    • Cecilia Enos PALATKA, FL
      • about 3 years ago

      A country cannot survive without taxes. That argument of, 'well why should I pay more', is specious reasoning. In reality it is only a percentage or two more than it was 20 years ago when massive tax cuts for the very wealthy began to occur every few years. Tax cuts began because the economy had finally gotten out of the recession in the 70's (which was less severe than the one we are in now). Only after we had recovered, did tax cuts begin.

      What about people who don't have children, or knowingly will die young of disease and won't live until retirement age, or people who will never have a house fire in their lives? Why should they pay for education, social security or firefighters?

      Because we live in a society and in order for it to function we all have to contribute, even if our contribution never directly benefits us. Right now that contribution is money.

      REPORT THIS COMMENT:
    • Vicki Lee AKRON, OH
      • about 3 years ago

      No way a billionaire should have a lower tax rate than their secretaries.

      And how about saving social security by completely removing the cap on ALLl earnings.

      REPORT THIS COMMENT:
    • Theresa Butler DALLAS, TX
      • about 3 years ago

      i believe everyone has to pay their fair share but it's not happening now in this country. this country is gone beyond repair if we don't tax the wealthy who can clearly afford to play.

      REPORT THIS COMMENT:
    • Susan Essary FORT WORTH, TX
      • about 3 years ago

      I agree with Warren Buffet. It's time for the super wealthy to pay their fair share. And, I'm a Republican voter by the way!

      REPORT THIS COMMENT:

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