A blockbuster new report revealed that the nation’s roughly 750 billionaires are increasingly using their personal fortunes and the profits of connected corporations to drown out regular voters’ voices and elect hand-picked racist candidates who further rig the nation’s economy -- especially the tax system -- to make their wealthy donors even richer.
Since January 6, 2021, corporations and industry-group PACs have given more than $34 million to 144 members of Congress who voted to overturn the legitimate election of Joe Biden as President.
The PACs of seven major Fortune 500 corporations have contributed a combined $1.5 million to GOP members of Congress (and their two political campaign committees) who voted to overturn the results of the 2020 presidential election. They are UPS, General Motors, FedEx, AT&T, ExxonMobil, Merck and Chevron. These corporations made $78 billion in profits last year and paid a combined average federal income tax rate of just 2.7%.
Democracy has a billionaire problem. The solution: Tell Congress to tax billionaire wealth!
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