Last week, the Trump administration acknowledged skyrocketing housing costs and the role billionaire control plays in pricing families out of homes. This comes after the president has tried to downplay affordability issues, revealing that the administration may feel vulnerable ahead of the midterms.
New polling released today by Impact Research and Tax the Greedy Billionaires confirms that taxing billionaires is one of the most unifying and popular policies heading into the 2026 midterms. Roughly three-in-four likely voters in battleground congressional districts and in key states like Michigan and Ohio support raising taxes on billionaires.
The House passed sweeping tax cuts that benefit the ultra-wealthy, sending the bill to President Trump for signing. The bill will add $3.4 trillion to the national debt and stifle economic growth for years to come, while giving the top .01% richest Americans over $390,000 each.
In response to the Senate advancing sweeping tax cuts that benefit the ultra-wealthy, Tax the Greedy Billionaires Campaign Director Igor Volsky issued the following statement: “Once again, the Senate is doing what it does best—serving the ultra-rich while leaving working people behind. This bill isn’t tax reform—it’s a billionaire tax shelter, written by billionaires for billionaires.”
Today, in a new op-ed for “The Guardian,” Gabriel Zucman laid out how the Trump-Musk fight is more than a bad breakup — it’s the embodiment of how unprecedented wealth concentration has eroded our democracy and public institutions. Musk, the world’s richest man, has more power than any one person should have.
The relationship between President Trump and Elon Musk has soured, and their public feud has all eyes focused on the battle of billionaire egos. This fight is a symptom of a deeper problem: Billionaires like Musk have amassed so much wealth that they can distort our politics, economy, and public discourse to benefit themselves.
Today, in an op-ed in “The Hill,” Alan Davis highlighted how the “experiment in billionaire governance” we are currently living through underscores the consequences of our broken tax system. In the piece, Davis lays out how a new wealth tax proposal, coined “Five and Dime,” can combat the excessive wealth concentration corroding our democracy.
Ahead of yesterday’s House vote on the so-called “Big Beautiful Bill,” Tax the Greedy Billionaires released a new video highlighting how House Republicans voted against a range of amendments introduced by House Democrats that would block tax cuts to multi-millionaires and billionaires.
As Congressional Republicans prepare to advance their tax bill, Tax the Greedy Billionaires (TGB) and Americans for Tax Fairness (ATF) released a memo highlighting how a millionaire surtax would allow Congress to protect middle-class and low-income Americans from cuts to key social programs, while extending tax cuts for millions of hardworking low- and middle-income households.
Today, Politico’s Bernie Becker highlighted how Democrats are taking a bolder position to combat unprecedented wealth inequality, which they see as a critical threat to the U.S. economy and our democracy at large.