Thread by @ActionDemocrat

Congress
Raise Taxes on the Rich & Corporations
No Cuts to Services for Working Families

New poll shows that 68% of voters Support a Billionaire Tax to Fund Federal Programs and Reduce the Deficit
#ResistanceUnited #wtpBLUE #DemCast
dataforprogress.org/blog/2023/3/23…

The original George W. Bush tax cuts will have added $8.4T to the national debt
2017 Trump tax cuts will add another $1.7T in debt
Moreover, the GOP wants to renew those tax cuts which would cost $3 trillion more

americanprogress.org/article/tax-cu…
#ResistanceUnited #wtpBLUE #DemCast

The Bush and Trump tax cuts alone are responsible for 57% of the increase in the debt ratio (debt as a percent of the economy) since 2001 and more than 90% of the increase in the debt ratio
#ResistanceUnited #wtpBLUE #DemCast
fred.stlouisfed.org/series/IITTRHB

Right now, top individual tax rates are about half what they were 40 years ago

Corporate tax revenue as a share of total federal revenue has dropped from one-third to less than 10% since the middle of the last century.
#ResistanceUnited #wtpBLUE #DemCast

Demand that Congress reverse decades of tax cuts for the well-off and well connected and use that revenue to increase funding for Social Security, Medicare, Medicaid etc..

Sign the petition to Congress today!
#ResistanceUnited #wtpBLUE #DemCast
actionnetwork.org/forms/this-tax…