1. United States
  2. Tenn.
  3. Letter

Tax Billionaires to Address the National Debt Crisis

To: Sen. Blackburn, Sen. Hagerty, Rep. Kustoff

From: A constituent in Brownsville, TN

May 31

The national debt has now surpassed U.S. GDP for the first time since World War II, and the response cannot be to gut programs that working people depend on. The fix starts with making billionaires and the ultra-wealthy pay their fair share. Net interest payments on the debt already exceed $1 trillion a year, more than we spend on national defense or Medicare. The CBO projects debt held by the public will hit $53 trillion by 2036. That trajectory was built on tax cuts that disproportionately benefited the wealthiest Americans, and reversing it means reversing that policy. Asking ordinary families to absorb the consequences of a debt crisis they didn't create, while the people who benefited most from those cuts walk away untouched, is not a solution. Tax billionaires. Close the loopholes that let the ultra-wealthy pay lower effective rates than teachers and nurses. Use that revenue to stabilize the debt without slashing Social Security or Medicare. That's the path forward, and I expect you to fight for it.

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