Tax the Ultra-Rich to Reduce Gender Inequality

Billionaires and big corporations are hoarding wealth while millions of people struggle to afford basic needs. Our tax system is broken—rigged in favor of the ultra-rich and giant corporations while everyday people pay the price. 

The current tax system especially disadvantages women, as women tend to earn less, do a greater amount of unpaid care work, and are more likely to struggle to afford basic necessities. But if our leaders create a fairer tax code by taxing the ultra-rich and large corporations, the revenue can reduce race and gender inequality and fund transformative measures like universal health care, paid leave, and childcare.

Right now, the Trump administration and a majority in Congress are trying to push through more tax giveaways to the ultra-rich and corporations. We cannot let that happen. 

Sign the petition urging lawmakers to enact bold tax reforms that put people over profits and ensure the ultra-rich and corporations pay their fair share.

Message to Congress:

Globally, billionaire wealth is growing at an unimaginable pace. In 2024, the world’s billionaires got $2 trillion richer, equivalent to roughly $5.7 billion a day. At current rates, we will see five trillionaires created within a decade from now.

The world’s ultra-rich few and corporations have been driving the inequality crisis for decades by rigging the system in their favor, leaving ordinary working families to pay the price.

But this growing divide isn’t inevitable—it's a policy choice made by our political leaders. Our tax code—one in which billionaires pay a lower tax rate than ordinary working families—is core to the problem.

The 2017 Tax Cuts and Jobs Act (TCJA) under the Trump administration was a monumental $1 trillion giveaway to powerful corporations and the ultra-wealthy. The richest 0.1% of Americans got a tax cut 277 times greater than that of middle-class households.

Now, with the TCJA set to expire in 2025, the new Trump-Musk administration wants to not just extend, but go even deeper in their giveaways to big corporations and the ultra-rich—paid for by slashing the essential programs and services working families rely upon.

Trump’s tax plan is an outrageous and unfair redistribution of wealth that benefits an ultra-rich few, while leaving the majority of Americans to foot the bill. It fails to deliver economic growth, jobs, or investment. It is deeply unpopular.  

We need Congress to choose differently: to make the ultra-rich few and corporations pay their fair share. We need to invest in schools, healthcare, infrastructure, and clean energy—all of which make life affordable for Americans—not more handouts to unimaginably wealthy billionaires.

Alongside the Oxfam community, I am calling on Congress to end the Trump tax giveaway to mega-corporations and billionaires—and instead, use the expiration of Trump’s tax law as an opportunity to create a tax code that prioritizes working families and invests in our collective future. 

Thank you for taking action to build a more equal future for all of us.

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