Today, I'm introducing a bill for a wealth tax so we can invest in opportunity for everyone.

Today, I'm teaming up with Rep. Pramila Jayapal and Rep. Brendan Boyle to introduce our bill for a wealth tax. Add your name to sign on as a co-sponsor today

Danielle, Right now, we live in an America tilted toward the ultra-rich and the powerful. The tax system is so full of loopholes and special breaks that families in the top 0.1% pay about 3.2% of their wealth in taxes while the bottom 99% pay about 7.2% in taxes. The gap between the wealthiest and poorest Americans is wider than ever. And it's bigger when you factor in race: the 400 richest Americans own more wealth than all Black households plus a quarter of Latino households combined. The coronavirus and the economic crisis that followed have only made the wealth gap worse. Billionaire wealth now stands at $4.2 trillion, which is 40 percent higher than before the COVID crisis began. This is all while millions remain unemployed and families are struggling to keep a roof over their heads and food on the table. We need to address the growing power of billionaires, corporations, and their lobbyists as they rig the system and rules in their favor. It's time for a wealth tax to make ultra-millionaires and billionaires pay their fair share. Today, I'm teaming up with Rep. Pramila Jayapal and Rep. Brendan Boyle to introduce our bill for a wealth tax. Add your name to sign on as a co-sponsor, Danielle — and let's fight to get this done. Look: Millions of Americans already pay a wealth tax in the form of a property tax. A wealth tax just says that in addition to their real estate, the richest Americans should pay taxes on all their wealth — like their stock portfolios, their diamonds, their yachts, and their art collections. Our plan is a two-cent per dollar tax on people with a net worth above $50 million — a few cents more for the billionaires. This small tax would generate huge amounts of revenue totaling at least $3 trillion, providing money for President Biden's big agenda to build back better. Policies like expanding the caregiving economy — everything from child care to nursing homes — rebuilding infrastructure, high quality k-12 education, and tuition-free public college and technical schools. A wealth tax is critical for raising revenue, and that revenue is critical for raising opportunity. We build a future for all of our kids by investing in opportunity. This is one way we can make this government work for everyone — not just the rich and powerful. Add your name to support our plan for a wealth tax, and help build the grassroots support that we'll need from across the country to pass it in Washington. Thanks for being a part of this, Elizabeth ADD YOUR NAME Paid for by Warren Democrats All content © 2021 Warren Democrats, All Rights Reserved PO Box 171375, Boston, MA 02117 This email was sent to danielle.davenport.blog@blogger.com We’ll miss you, but you can always unsubscribe.