Thread by @4TaxFairness

BREAKING: Billionaires have gotten $1.8 trillion richer, nearly all tax-free, since the pandemic began.

Don't tell us we can't afford a bold reconciliation package that invests at least $4 trillion in jobs and families, paid for by fairer taxes on the rich and corporations.

That jump in wealth alone is enough to fund @POTUS' entire American Families Plan.

It's half of the cost of the proposed reconciliation package.

Elon Musk's wealth gains alone could pay for ten years of community college AND provide summer meals for low-income students.

These gains will likely never be put to good use, however, because our tax code doesn't tax wealth the way it does work.

In other words, you'll pay your fair share on any paychecks you took home during the pandemic, but these billionaires will pocket their wealth gains tax-free.

.@POTUS has proposed an agenda that would solve this problem by raising the capital gains tax rate to match the top rate on wages, and making the corporations these billionaires run pay their fair share.

It's time Democrats forget about corporate special interests and pass it.

83 million lost their jobs to the pandemic, 34 million fell ill with COVID-19 & over 600,000 died, but we may not be able to fund a full recovery for our working families because some Democrats think we "can't afford it."

Billionaires got $1.8 trillion richer. We can afford it.

“There’s not a better symbol of the need for the Biden reforms than tax-free billionaires." —@clemente_frank

Read the full report here >> americansfortaxfairness.org/issue/skyrocke…