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BIDEN, BETO JOIN CALL TO REVERSE TRUMP-GOP TAX CUTS FOR WEALTHY, CORPORATIONS

<p align=”center”><a href=”https://americansfortaxfairness.org/wp-content/uploads/BidenBetoPR.pdf”><img class=”aligncenter wp-image-10011242″ src=”https://americansfortaxfairness.org/wp-content/uploads/pdf-flat.png” alt=”” width=”100″ height=”100″ /></a></p>
<p style=”text-align: center;”><em><b><span style=”font-size: 14.0pt; font-family: ‘Calibri’,sans-serif; color: black;”>Repeal Could Raise Trillions for Critical Investments</span></b></em></p>
<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>WASHINGTON, D.C. – In statements Monday, Democratic presidential candidates Joe Biden and Beto O’Rourke separately urged rejection of the Trump-GOP tax cuts for the wealthy and big corporations, a position that </span><a href=”https://americansfortaxfairness.org/update-2018-midterm-election-results-strong-rebuke-trump-gop-tax-economic-policies/”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>helped spur Democratic victories </span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>in the mid-term elections for the House of Representatives.</span>

<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>While other presidential candidates have proposed a variety of new taxes on the wealthy to pay for their proposals that include rebuilding the nation’s infrastructure, improving teacher pay and providing low-income housing and affordable child care, the statements Monday by Biden and O’Rourke were directly aimed at rejecting large parts of the Tax Cuts and Jobs Act (TCJA) that passed Congress in late 2017. That measure is projected to </span><a href=”https://americansfortaxfairness.org/tax-day-2019-media-briefing-memo/”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>cost $1.9 trillion over the next 10 years </span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>and largely favors corporations and the wealthy.</span>

<a title=”https://www.nytimes.com/2019/04/29/us/biden-scranton-2020.html” href=”https://www.washingtonexaminer.com/news/in-kickoff-rally-joe-biden-slams-trump-tax-cuts”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #555555;”>Biden told a crowd in Pittsburgh,</span></a><span class=”apple-converted-space”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”> </span></span><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>“It’s time to start rewarding work over wealth. The first step is reverse President Trump’s tax cuts for the very wealthy and corporations.” Biden said the Trump tax cuts “</span><a href=”https://www.washingtonexaminer.com/news/in-kickoff-rally-joe-biden-slams-trump-tax-cuts”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #555555;”>went to folks at the top and corporations that pay no taxes.</span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>”</span>

<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>O’Rourke on Monday offered his </span><a href=”https://betoorourke.com/climate-change/”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>plan to invest $1.5 trillion </span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>over 10 years to fight climate change, paid for “with the revenues generated by structural changes to the tax code that ensure corporations and the wealthiest among us pay their fair share.” O’Rourke </span><a href=”https://www.motherjones.com/politics/2019/04/donald-trump-tax-cuts-2020-democrats-booker-warren-harris-sanders-kloubhcar-gillibrand-orourke/”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>had previously said</span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>, <span style=”background: white;”>“At a time of extraordinary income and wealth inequality, we could begin by rolling back the worst excesses of the Trump tax cuts.” </span>(As a member of Congress, O’Rourke voted against the TCJA.)</span>

<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>Frank Clemente, executive director of Americans for Tax Fairness, said the willingness of major Democratic candidates to depart from the past and make election-year pledges to raise taxes on the wealthy and corporations is a recognition that the Trump-GOP tax cuts </span><a href=”https://docs.google.com/document/d/1TqGIut1x0FDagAjjCFArlw_Y5xmd2w5CNmnyq-yJTtk/edit”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>remain unpopular with voters</span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>, and that reversing them is a first-step to raise needed funds to address critical needs.</span>

<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>“As we pointed out in </span><a href=”https://americansfortaxfairness.org/fairtaxesnow/”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>our recent “Fair Taxes Now” report</span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>, there are numerous ways </span><a href=”https://americansfortaxfairness.org/wp-content/uploads/TCJA-Revenue-Chart-from-ATF-Fair-Taxes-Now-Report.pdf”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>to amend or repeal the Trump-GOP tax cuts</span></a><span class=”apple-converted-space”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”> </span></span><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>that would produce up to $3 trillion in revenue,” he said, “and even more by closing tax loopholes that have been on the books long before the TCJA. </span>

<span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>“Voters are hungry to see politicians unrig the tax system in Washington so that corporations and the wealthy pay their fair share. That’s critical to creating an economy that works for all of us, not just the wealthy few.”  </span>

<a href=”https://docs.google.com/document/d/1TqGIut1x0FDagAjjCFArlw_Y5xmd2w5CNmnyq-yJTtk/edit”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>Go here for a compilation of recent polling </span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>on the TCJA and taxing the wealthy and corporations in general.</span>

<a href=”https://americansfortaxfairness.org/wp-content/uploads/ALG-TAX-THE-RICH-TAX-MARCH-APR-02-2019-MEMO-FINAL.pdf”><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72;”>Go here for a new poll </span></a><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>on public support for taxing the rich recently conducted by ALG research for Tax March and Americans for Tax Fairness.</span>

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<em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>Contact:
</span></em><em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>Dennis Bailey
</span></em><em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>Director of Communications
</span></em><em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>Americans for Tax Fairness
</span></em><a href=”mailto:dbailey@americansfortaxfairness.org”><em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: #954f72; text-decoration: none; text-underline: none;”>dbailey@americansfortaxfairness.org</span></em></a>
<em><span style=”font-size: 13.5pt; font-family: ‘Calibri’,sans-serif; color: black;”>202-733-3444</span></em>

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