Dear Senator/Representative -

I want you to support the Equal Tax Act because this country is not just for those 800 billionaires, it is for all 340 million of us.

The Equal Tax Act ensures wealthy investors pay the same tax rate on their income that working people pay on their income, by taxing investment income at the same rate as earned income for those earning over $1 million annually. It also eliminates one of the ways the wealthy avoid taxes by ending the stepped-up basis loophole with unprecedented protections for family farms and businesses.

Polls indicate 66% of voters support raising capital gains rates on the wealthy, consistent with years of polling indicating support for closing tax loopholes that benefit the wealthy (74%) and making millionaires and billionaires pay more in taxes (70%). This proposal delivers by raising significant revenue exclusively from households that have more than $1 million in annual income.

This needs to be a cornerstone policy moving ahead. Those living off the interest on their investments should not pay a lower tax rate than teachers, farmers, nurses, and firefighters.

It's the right thing to do.
#Resist #ResistOfTheDay #TaxTheRich #Greed