Long story short: tell your Congressfolk to pass the Stop Subsidizing Mergers Act, the Postal Banking Act, and the Ultra-Millionaire Tax Act. Use the tools in the upper right-hand corner of this page (or, if you're on a cellphone, the bottom of this page) to find your Congressfolk's phone numbers and/or use the email/petition tools in the following paragraphs.
The Stop Subsidizing Mergers Act would, as its title suggests, end tax-free mergers involving corporations that bring in over $500 million over three years. Currently shareholders don’t pay taxes on their newly-enhanced-by-the-merger stock at the time of the merger; they only pay it when they sell the stock, which might be never (or when the stock is lower, which means less tax revenue!), and anyway too many rich folks hide behind their hifalutin financial instruments as a way of avoiding their duty to pay their taxes. This bill merits a phone call to your Reps and Senators.
Daily Kos helps you tell your Congressfolk to pass the Postal Banking Act, which would enable our Post Offices to offer basic banking services like small loans and checking and savings accounts. Not only would that enable our Postal Service to make more money – and since our taxes don’t fund our USPS, that’s a big deal – but it would enable some seven million Americans who live in areas banksters won’t touch to do better than the payday lenders and check-cashing joints they’re currently stuck with. Our USPS used to offer basic banking, and they should again.
Finally, Public Citizen helps you tell your Congressfolk to pass the Ultra-Millionaire Act, which would tax any household or trust an additional 2% on net worth over $50 million and then 3% on net worth over $1 billion. This bill would not raise taxes on literally 99.95% of Americans, so don’t brook any stupidity from the right about it. When a similar proposal came up in 2020, Donald Trump simply called it a 100% tax (you do see the numbers “2%” and “3%, I trust!), and that’s how far right-wingers will go to try to get you to oppose it. But you and I will never be worth $50 million. You know why? Because we won’t hurt people to get it. Everyone with that money did.
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