To: The Illinois State House
URGENT: Help make Illinois the first state to close this billionaire tax loophole
Hedge-fund millionaire and billionaires across the nation are not paying their fair share of taxes thanks to an archaic tax loophole. Illinois could be the first state to pass a law to abolish this unfair practice -- Sign the petition to tell the House to finally close the carried interest loophole.
Why is this important?
For decades, hedge fund and private equity billionaires, like Bruce Rauner, have used an unjustifiable provision in our federal laws to give themselves millions of dollars in tax cuts.
In Illinois alone, closing this loophole could generate as much as $1.7 billion in revenue for the state.
Seems like a no-brainer, right?
Despite national agreement that action is needed, there has been little progress on closing this loophole. Until now.
We have the chance to make Illinois the first state to stand up to special interest millionaires and billionaires by closing this loophole. Last week, SB1719 passed the Senate. And a vote in the House is imminent.
There is no reason for Illinois to help billionaires find ways to hide their income. Especially not now, when we’re two years into a budget crisis and have all too many examples of the human cost of Governor Rauner’s failed leadership.
This bill is the first in the nation to make it through any legislative chamber. If you want tax fairness, if you want hedge fund billionaires to pay their fair share, and if you want Illinois government to be able to afford core services without punishing the middle class, sign our petition to ask the House to support this bill and please pass along to your friends.
Daniel
In Illinois alone, closing this loophole could generate as much as $1.7 billion in revenue for the state.
Seems like a no-brainer, right?
Despite national agreement that action is needed, there has been little progress on closing this loophole. Until now.
We have the chance to make Illinois the first state to stand up to special interest millionaires and billionaires by closing this loophole. Last week, SB1719 passed the Senate. And a vote in the House is imminent.
There is no reason for Illinois to help billionaires find ways to hide their income. Especially not now, when we’re two years into a budget crisis and have all too many examples of the human cost of Governor Rauner’s failed leadership.
This bill is the first in the nation to make it through any legislative chamber. If you want tax fairness, if you want hedge fund billionaires to pay their fair share, and if you want Illinois government to be able to afford core services without punishing the middle class, sign our petition to ask the House to support this bill and please pass along to your friends.
Daniel