Demand Congress close the billionaires loophole
Billionaires’ wealth gains mostly come from their stock and other investments, not a paycheck. And a billionaires loophole known as the “stepped-up basis” loophole allows investment income to go completely tax free, indefinitely.
President Biden wants to close this billionaires loophole, which would raise $325 billion over ten years. (It would not affect couples with wealth growth of $2.5 million a year, including the increased value of their house.) This would allow us to invest in everything from free childcare for working families to expanding Medicare to include dental, hearing and vision care.
With just a few weeks until Congress votes on the ten-year $3.5 trillion reconciliation package, help us bring this new ad to millions of people and demand Congress make the rich and corporations pay their fair share! Watch the video and then chip in today.
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