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