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Taxes and toilets

While much of America has been suffering through a pandemic and an economic implosion, guess who has been doing just fine?

The Billionaires and the fat cats on Wall Street.

What's worse? Most of the ultra-wealthy get richer by gambling on stocks and securities, and they've rigged the system so they don't even pay taxes on it.

Earlier this year, I reintroduced legislation to finally make the wealthiest Americans pay their fair share. The bill could generate more than $750 billion over the next 10 years and rein in the reckless, destructive high-frequency trading that tanked our economy in 2008.

My bill would help pay for our shared priorities such as investing in education, and rebuilding our crumbling infrastructure.

Naturally, those billionaires are spending big once again to defeat me. They're planning to install a yes-man more loyal to Republican donors than to working Oregonians. If they succeed, it'll strike a huge blow to our movement's effort to hold Wall Street accountable.

Chip in $17 before our critical end-of-month deadline to show them we're not backing down.

A recent ProPublica investigation showed how flagrantly billionaires are avoiding paying their fair share like the rest of us. Amazon's Jeff Bezos didn't pay a penny in federal income taxes in 2007 and 2011. Elon Musk didn't pay federal income taxes in 2018. In fact,for any obscenely wealthy person you can think of, I can all but guarantee that they're paying a lower tax rate than the person who scrubs their toilet.

Billionaires are making billions off the backs of their own workers who pay a higher federal tax rate than they do. It's wrong and it must end.

I've been fighting against Wall Street for a long time. I'm going to keep up the fight in Congress — and I know you're with me. Donate $17 before the end of the month – and let's make sure our economy works for everyone, not just the wealthy and well-connected.

Peter DeFazio
Posted on August 30, 2021.

As Independent as Oregon.

Peter DeFazio's common-sense proposals aim to create good-paying jobs, expand access to affordable health care and develop options outside of the for-profit marketplace, restore economic and educational opportunities, hold government accountable and tip the scales of inequality back in favor of hard-working Oregonians.

Meet Peter