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Demand a Fairer Tax System: End Tax Breaks for the Wealthy

Related Article: breaking down trump's tax bill: here's what it means for this household - 247wallst.com - Saturday, August 16, 2025, 8:58:47 AM Eastern Daylight Time

Target: United States Congress

Goal: Urge Congress to reform the tax code by closing loopholes and eliminating tax breaks that overwhelmingly benefit the wealthy, ensuring a more equitable distribution of resources.

Recent changes to the tax code have disproportionately benefited high-income households, providing large tax breaks to those who need them least while working families continue to struggle. We call for a tax system that prioritizes fairness and invests in the well-being of all Americans.

The latest tax legislation has resulted in significant financial gains for upper-middle-class and wealthy households, such as a five-person family earning $450,000 annually. This family, through a variety of deductions and credits—including an expanded State and Local Tax (SALT) deduction, reductions in federal income tax rates, and a 20% deduction on qualified business income—receives over $50,000 in annual tax breaks. These benefits are out of reach for most working families, who continue to face financial insecurity and underfunded public services.

While some provisions offer modest relief to lower-income households, the bulk of the dollar benefits flow to those already financially secure. This system exacerbates inequality and diverts resources from critical investments in education, healthcare, and infrastructure that would benefit the majority of Americans. It's time to demand a tax system that works for everyone, not just the wealthy few.

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