Re: The child tax credit expired in New York

Friend, making the ultra rich pay their fair share could provide a major down payment toward the success and well-being of working families. [Sign the petition: Babies Over Billionaires. The ultra-rich must pay their fair share.]( [SIGN THE PETITION]( I know this angers you as much as it angers me, Friend. There are 735 billionaires in this country, and because the economy is rigged in their favor, they pay virtually nothing in return in the way of taxes. In order to support our collective social infrastructure — our schools, roads, bridges, child care, health care — we need to start by making billionaires pay their fair share in taxes. The Babies Over Billionaires Act would tax the unrealized capital gains of the top 0.01% of taxpayers with over $100 million in assets, providing revenue that could go towards supporting our families! [Sign the petition to your members of Congress: We need the Babies Over Billionaires Act.]( [SIGN THE PETITION]( Thanks for all you do, Erin Tulley, Daily Kos P.S. Below is an email we sent out earlier urging Congress to pass the Babies Over Billionaires Act: --------------------------------------------------------------- Friend, [sign the petition: Babies Over Billionaires. The ultra-rich must pay their fair share.]( [SIGN THE PETITION]( When billionaires avoid paying their fair share of taxes, working families suffer. The ability of the ultra-rich to delay, diminish and sometimes eliminate their income tax obligations means less revenue for healthcare, childcare, education, housing, paid parental and family leave, and other public services vital to working families. Over the last two years during COVID, America’s 740 billionaires grew their fortunes by $2 trillion. They are now worth a collective $5 trillion―nearly 50% more than the bottom half of American society. Meanwhile, 4 million kids slipped back into poverty after the expanded child tax credit payments expired. We have failed to provide families with basic needs. [Sign the petition: The ultra-rich must pay their fair share.]( [SIGN THE PETITION]( Democratic members of the U.S. House and Senate have introduced legislation to combat this crisis. The Babies Over Billionaires Act would annually tax 30% of unrealized gains of ultra-millionaires from publicly traded capital assets, such as corporate stocks, at the prevailing long-term capital gains rate, currently about 24%. It would invest the revenue in providing high-quality public education and making healthcare more affordable. We must do everything we can to ensure Congress passes this legislation. It is time to reinvest in our children. [Sign the petition to your members of Congress: We need the Babies Over Billionaires Act.]( [SIGN THE PETITION]( Thanks for all you do, Erin Tulley, Daily Kos Daily Kos Relies on Readers Like You We don't have billionaire backers like some right-wing media outlets. Half our revenue comes from readers like you, meaning we literally couldn't do this work without you. Can you chip in $5 right now to help Daily Kos keep fighting? [Chip in $5]( If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.