Message to President Biden and Members of Congress:
Historic inequality endangers our democracy. We need a wealth tax NOW.
Decades of tax cuts for the richest and corporations have fueled inequality, with the poorest people paying higher tax rates than billionaires.
Oxfam is calling upon President Biden and Congress to enact a wealth tax on the ultrawealthy—the multi-millionaires and billionaires who have accumulated absurd sums of wealth while so many in this country continue to suffer.
Wealth taxes on the ultrawealthy could advance racial justice, lift people out of poverty, address the climate crisis, fund childcare, and create well-paying jobs.
We urge you to make the ultrawealthy pay their fair share of taxes through a wealth tax.