Time for a Wealth Tax

From Economic Justice Action Group (EJAG)

by David Delk

Billionaires’ share of wealth has increased by $5.5 trillion during the course of the pandemic while working class folks lose their homes and find it increasingly difficult to feed their children or pay the medical bills.

Time for a Wealth Tax as proposed by Senators Warren, Sanders and Merkley, the Ultra-Millionaire Tax Act of 2021 (in the Senate: S510/in the House HR1459)

https://www.washingtonpost.com/opinions/2021/08/24/tax-billionaires-pandemic-profits/

In Oregon only Rep. DeFazio and Sen. Merkley have joined as co-sponsors. The rest of Oregon’s congressional delegation should get signed on as co-sponsors. Neither of Washington’s Senator’s have signed on yet. Only Reps. Jayapal and Adam Smith in Washington have signed on.

Call Sen. Wyden and Reps. Blumenauer, Bonamici and Schrader and ask them to co-sponsor. Find contact info for them here: https://www.congress.gov/members/find-your-member