Families across the country have been raising their voices to make it clear: children and families need critical investments in the care economy like paid family and medical leave, childcare, home- and community-based care, closing the Medicaid coverage gap, and an extension of the expanded, fully refundable Child Tax Credit. And the great news is: we can pay for that. I’m calling on you to prioritize families and have billionaires and big corporations pay their fair share.
While America’s families have struggled to make ends meet during the pandemic, America’s billionaires have seen their wealth grow by 70 percent. Together, the Billionaires Income Tax and the Corporate Profits Minimum Tax would create a fairer tax system and allow for critical programs like paid family and medical leave for the 85 million mothers in America. Low-income people of color pay more in taxes without receiving equal access to resources in their community. Meanwhile, billionaires and big corporations have not been required to pay their fair share in taxes. The Billionaires Income Tax and Corporate Profits Minimum Tax allow us to right this wrong for future generations and invest in key priorities like high quality and accessible child care and paid family and medical leave.
With fair tax policy, like the Billionaires Income Tax and the Corporate Profits Minimum Tax, we have more than enough revenue to fund paid family and medical leave, as well as a fully refundable and permanent Child Tax Credit (CTC), childcare, home- and community-based services, closing the Medicaid coverage gap, living wages and a path to citizenship for all immigrants.