Shelley Ries

  • Tell Congress: Close Tax Loopholes!

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    GOAL: 1,818 signatures

    For every 1,000 signatures, NationofChange will send a letter to Congress, asking them to pass legislation that will close tax loopholes for the ultra-rich.

    [Update: We have surpassed 500 signatures! NationofChange is sending the first letter to Congress with your signatures attached, asking them to close the tax loopholes for the ultra-rich. We will continue to send letters for every 1000 signatures.]

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    Senator Bernie Sanders will introduce a new bill in the 115th Congress, which begins next year.

    The proposed bill, if passed, would close all of the tax loopholes that Trump exploited in his 1995 tax returns. These loops holes do nothing to boost the economy, but continue to allow real estate investors like Trump to get out of pay millions of dollars in taxes.

    “Special tax breaks and loopholes in a corrupt tax code enable billionaires and powerful corporations to avoid paying their fair share of taxes while sticking the burden on the middle class,” Sanders said. “It’s time to create a tax system which is fair and which asks the wealthy and powerful to start paying their fair share of taxes.”

    Sanders’ legislation would close the following loopholes:

    Exemption for the real estate from passive loss rules (Section 469): This loophole allows for an exception for real estate so that real estate investors can use losses to offset any other income, regardless of if it has to do with their business.

    Exemption for real estate from at-risk rules (Section 465): An exemption for real estate investors that allows them to claim losses exceeding what they actually invested.

    Like-kind exchanges (Section 1031): Allows real estate owners to swap pieces of property of the same type in order to claim they have no gain to report to the IRS because technically there was no sale.

    Debt and Depreciation: Allows for investors to combine tax breaks for for borrowing with tax breaks when an investment rapidly loses value, allowing them to borrow money to make an investment, take deductions for the interest they pay on the debt and then take deductions as the property depreciates.

    Stand with Senator Sanders and NationofChange and tell Congress to close the tax loopholes that rich investors are using to dodge taxes.

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  • Tell Congress: Keep the pre-existing condition clause for health insurance

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    GOAL: 844 signatures

    For every 1000 signatures, NationofChange will send a letter to Congress demanding that they keep the pre-existing condition clause in their new health care plan.

    Before Obamacare it was nearly impossible for individuals with pre-existing medical conditions to find health insurance coverage.

    Now that President Trump and the Republican Party are in power and want to repeal Obamacare and replace it with their own health care system, millions of people are once again in danger of not qualifying for health insurance coverage because of a pre-existing condition.

    Even those that do qualify may face extremely expensive and/or limited insurance coverage.

    Please join us in demanding that Congress retain the pre-existing condition clause for whatever health care system they plan to replace Obamacare with so that millions of Americans with pre-existing conditions can maintain their level of health care without their price skyrocketing.

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