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.
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 destructive tax law that Trump signed on July 4 was an outrageous and unfair upwards redistribution of wealth that forces ordinary people to foot the bill for tax giveaways to an ultra-rich few. It gives the richest 0.1% of Americans a $309,000 tax cut, paid for by increasing taxes on the lowest-income households and slashing essential programs and services ordinary families rely upon.
We can’t give up. We need Congress to choose differently: to make the ultra-rich few and corporations pay their fair share. Instead of harmful trickle-down tax polices from that fail to deliver economic growth, jobs, or investment, we need to invest in schools, health care, child and eldercare, and clean energy—all of which make life affordable for ordinary Americans.
Alongside the Oxfam community, I am calling on Congress to end the Trump tax giveaway to mega-corporations and billionaires. Thank you for taking action to build a more equal future for all of us.