As Working Families Pay Their Fair Share, Virginia Organizing Will Urge Congress to Tax Billionaires Who Avoid Paying What They Owe Thanks to Rigged Tax Rules
What: Community walk through downtown Suffolk
When: TODAY (Monday, April 18) at 12 noon
Where: The Chop Shop Barbershop, 141 W. Washington St., Suffolk, VA 23434
Suffolk, Va. — Today at noon, a dozen Virginia Organizing members will celebrate Tax Day by walking downtown to deliver thank yous to workers and business owners who pay their fair share in taxes every year. They will meet downtown at The Chop Shop Barbershop and go door to door to deliver messages of appreciation. Suffolk residents will thank workers for paying taxes to support all of the most fundamental things we depend on from Medicaid and fire departments to schools and roads.
This Tax Day, working families are paying their fair share of taxes but American billionaires are not. Billionaires have gotten $1.7 trillion richer over the first two years of the pandemic. But because of a big tax loophole, many of them have paid little if any federal income taxes on those investment gains, unlike working families who pay taxes on every paycheck.
“Those tax dollars could be spent in the black community,” said Cassandra Waters, a leader in the Suffolk Chapter of Virginia Organizing. “Compared to what I pay in taxes, the super-rich aren’t paying their fair share.”
“I had no idea billionaires weren’t paying what they should,” said Marvin Jacobs of the Suffolk Chapter. “Why aren’t they paying their fair share?”
President Biden’s recently proposed Billionaire Minimum Income Tax could raise $360 billion over 10 years. Sen. Ron Wyden (D-OR), chairman of the Senate tax-writing committee, has proposed a Billionaires Income Tax that could raise about $560 billion. (See a comparison of the two plans here). Either policy could become part of the reconciliation package Congress is expected to debate at the end of April.
To interview a spokesperson about this event, contact Tony Jones at 757-660-6080 or tjones@virginia-organizing.org.
