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Keith Ellison for Congress!

August 11, 2017 by admin

 

We live in the wealthiest country in the world at its richest point in history. It’s a myth that we don’t have enough resources to meet our fundamental needs.

The truth is there is an extreme concentration of wealth in this country, and those at the top who are benefiting don’t want you to know about it. Let this sink in: the richest 400 families in the United States now hold more wealth than the bottom 61% of our population combined.

The rich have never been richer. Yet Trump, Paul Ryan, and Mitch McConnell believe they need more and the rest of us have it too easy. They’re not shy about it either. Just look at Trump’s first budget proposal:

–$616 billion in cuts to Medicaid and the Children’s Health Insurance Program
–$190 billion in cuts to food stamps
–$63 billion in cuts to retirement benefits for federal workers
–$143 billion in cuts to the student loan program

The list goes on and on, and all to, you guessed it, pave the way for massive tax cuts for the ultra wealthy, corporations, and Wall Street.

After all these years, they’re still trying to sell us the same “trickle down economics” lie. Don’t believe it. We can invest in the American people, and we can absolutely pay for it.

One way to do it is with my bill, the Inclusive Prosperity Act (H.R. 1144), which would put a small tax on stocks, bonds, and derivatives.

By imposing this slight tax on Wall Street, it has been estimated that the Inclusive Prosperity Act could generate $250 billion per year.

That means $250 billion per year to fund critical services for Americans like health care for all, free K-12 and higher education, student debt relief, and protecting and expanding social security.

We could re-build our nation’s crumbling infrastructure to make sure every family has access to clean water, safe transportation, and reliable electricity — all while creating millions of good-paying jobs in the process.

My bill would also curb excessive stock speculation, stabilize the market, and reduce the chances of another financial meltdown like the one we saw in 2008.

I’m excited by the possibilities of what we can do if we win this fight and pass this bill, but I need your help to put pressure on Congress.

If you believe in taxing Wall Street and investing in the American people again, please add your name as a Citizen Co-Sponsor of the Inclusive Prosperity Act (H.R. 1144) right now.

We’re aiming for 10,000 signatures before the weekend is over, and your action today would mean a lot.

In solidarity,

Keith Ellison


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