The right-wing is waging a massive propaganda campaign, falsely claiming that President Biden and Vice President Harris want to tax everyone's unrealized capital gains, including the equity in their home, and raid retirement accounts. This couldn't be further from the truth.
The reality is that the Billionaire Minimum Income Tax (BMIT) would only affect households worth over $100 million―the 11,000 wealthiest individuals in the U.S. It aims to ensure billionaires pay at least a 25% tax rate on their true income, including unrealized capital gains. 99.95% of Americans would see zero impact on their investments or retirement savings.
Rush a donation right now to help us combat right-wing misinformation, mobilize grassroots support for fair taxation of billionaires, and pressure lawmakers to close tax loopholes that benefit the ultra-wealthy.
Together, we can expose right-wing lies, hold billionaires accountable, and build an economy that works for all of us.