- United States
- Pa.
- Letter
I need you to support raising taxes on the wealthy to address our debt crisis. Our debt-to-GDP ratio just exceeded 100% for the first time since World War II, and the Congressional Budget Office projects it will hit 120% by 2036 without major policy changes. We're spending $1.17 trillion more than we collect this fiscal year alone.
Over 1 in 7 federal dollars now goes to interest payments on the debt—more than we spend on defense. The Federal Reserve Chair has warned that "it will not end well if we don't do something fairly soon." Meanwhile, the administration's promise of 4% growth to solve this problem isn't materializing. The economy grew at just 2% in the first quarter of 2026.
We can't cut our way out of this hole without gutting Social Security and Medicare, which serve millions of Americans who paid into these programs their entire working lives. The wealthy have benefited enormously from tax cuts over the past two decades while our debt has doubled as a share of GDP. They can afford to pay more, and asking them to do so is both fair and fiscally necessary. Vote for revenue increases that target high earners.