Bezoes: Let's Tax the Rich

David Delk, Chair of the OR Progressive Party, submitted this letter to the editor July 22, 2021

After returning from his self-indulgent space joyride, Jeff Bezos said, “Every astronaut who’s been up into space, they say that it changes them.” He added that his joyride was thanks to the efforts of Amazon customers and employees, “You guys paid for all of this.”

In 2007 and 2011, Bezos, the world richest man (worth $177 billion) paid no federal income tax while the median American household earned $70,000 and paid 14% ($9800).

Perhaps his changed mindset will include a desire to pay his taxes.

Even if he does not feel such a desire, Congress should take steps ensuring that he does pay.

Congress could increase the IRS enforcement budget, increasing the number of audits on the super-wealthy. Recent administrations have stopped auditing the super-riches’ tax returns, while increasing audits of ordinary working class Americans. When the rich know they will not be audited, they know they can cheat and not be caught.

Congress could enact Rep. DeFazio’s proposed, “IRS Enhancement and Tax Gap Reduction Act” (HR1116) to address this problem. HR1116 is cosponsored by Rep. Bonamici.

Congress could also enact:

the Ultra-Millionaire Tax proposed by Sen. Warren and Rep. Jayapal (SB510/HB1459). Both Sen Merkley and Rep. DeFazio are co-sponsors. But where are the rest of Oregon’s Congressional delegation?

Rep Blumenauer and Sen Merkley’s Millionaires Surtax Act (HR3805/S2028), adds a 10% surcharge on income over $2 million. The same question applies.

Our Representatives/Senators should work for us and not create multi-millionaire tax loopholes. TAX THE RICH!

http://www.progparty.org/