BREAKING: America's 708 billionaires are now worth $4.8 trillion after gaining $1.8 trillion, up 62%, during the pandemic.

That wealth growth alone could pay for over half of the Democrats' $3.5 trillion budget plan.

Don't tell us we can't afford to invest in working families.
Those who say $3.5 trillion to lower costs for working families and invest in clean energy is "too expensive" are simply not paying attention.

Those who want the package to be "paid for" can look no further.

Yes, we can tax billionaires to Build Back Better. In fact, we MUST.
Thanks to loopholes in our tax code, most of the billionaires' wealth gains will go untaxed until they sell their assets.

So while you paid income taxes on anything YOU may have made during the pandemic, these billionaires may never pay.

This is about basic fairness.
That's why in order to pay for $3.5 trillion of investments in working families, @POTUS' agenda makes billionaires and their corporations pay their fair share in taxes.

✅ Taxing wealth like work
✅ 39.6% top individual rate
✅ Crack down on tax cheats
✅ 28% corporate tax rate
62% of Americans believe this is the right thing to do.

We need everyone to call their members of Congress right now and tell them to support the $3.5 trillion budget package.

Will they side with working families or with the well-funded special interests opposing tax fairness?
You can read our full report with @IPS_DC right here 👇
americansfortaxfairness.org/issue/american…

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More from @4TaxFairness

20 Aug
Stop saying the Democrat’s Senate-passed budget is "too expensive."

All $3.5 trillion of President Biden's #BuildBackBetter agenda can be paid for by making the wealthy & corporations pay their fair share in taxes.

Here's what that looks like, in one handy, interactive thread:
President Biden's proposal to raise the corporate tax rate from 21% to 28% raises 💸$858 billion💸

What #BuildBackBetter priorities would YOU put $858 billion towards?
President Biden's proposal to #FundTheIRS and crack down on wealthy tax cheats raises 💸$700 billion💸

What #BuildBackBetter priorities would YOU put $700 billion towards?
Read 6 tweets
14 Jul
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.
Read 6 tweets

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