Warren, Kelly, Murphy, King Lead Vote Series to Oppose Tax Cuts for Ultra-Wealthy and Billionaire Corporations

Warren, Kelly, Murphy, King Lead Vote Series to Oppose Tax Cuts for Ultra-Wealthy and Billionaire Corporations

Washington, D.C. - As part of tonight's vote-a-rama on Senate Republicans' budget resolution, U.S. Senator Elizabeth Warren (D-Mass.) is leading Senate Democrats in a series of votes on amendments opposing tax cuts for the wealthiest Americans and billionaire corporations. The amendments establish deficit neutral reserve funds against tax cuts for individuals making over $100 million, $500 million, and $1 billion in annual income and corporations making over $1 billion in annual income.

Senator Mark Kelly (D-Ariz.) will begin by offering an amendment opposing tax cuts for Americans making over $100 million annually - that is the top 0.002%, making more than 600 times the average household, and accounting for fewer than 3,000 taxpayers.

Senator Chris Murphy (D-Conn.) will then offer an amendment opposing tax cuts for Americans making over $500 million annually - that is the top 0.0002%, making more than 3,300 times the average household, and accounting for fewer than 400 taxpayers.

Senator Angus King (I-Maine) will propose an amendment opposing tax cuts for individuals making $1 billion annually - that is the top 0.0001%, making more than 6,000 times the average household, and accounting for about 170 taxpayers.

Senator Warren will introduce the final amendment in the vote series, to oppose tax cuts for corporations making over $1 billion in annual income. Corporations like Meta, Amazon, and Tesla that make $1 billion a year are in the top 0.03% of corporations, accounting for fewer than 200 businesses.

Senate Republicans' votes on this series of amendments will show the American people who they really stand for: a handful of the wealthiest individuals and biggest corporations or working people.

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