Wednesday, April 11, 2012

Take Action: Support bill that closes millionaires' and billionaires' tax loopholes

From: Call Your Senators. Ask Them to Support the Paying a Fair Share Act | OMB Watch

  • On April 16 — the day before Tax Day — the U.S. Senate will hold a cloture vote on the Paying a Fair Share Act of 2012 (S. 2230), sponsored by Sen. Sheldon Whitehouse (D-RI). 
  • The bill would close an array of tax loopholes that allow millionaires and billionaires to pay lower taxes than middle-class families.
  • The legislation would require all households with incomes above $1 million to pay at least 30 percent of their total income in taxes — regardless of the source of that income or the deductions that they are allowed under the current tax code.
  • Please call or e-mail your senators and ask them to support this first step toward creating a tax system that asks each American to pay his or her fair share. You can look up your senators' contact information on the Senate's website.




1 comment:

  1. Millionaires are the only people who can bend their way out of paying tax.
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    ReplyDelete