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Some of the wealthiest Americans are taking advantage of a tax loophole to avoid paying their fair share of federal taxes. Unless the law is fixed, partners of hedge funds, leveraged buyout firms (also known as private equity) and other partnerships may continue to pay less than half the rate of taxes that working-class Americans must pay--robbing our country of badly needed revenue.

Reps. Sander Levin (D-Mich.) and Charles Rangel (D-N.Y.), chairman of the House Ways and Means Committee, introduced H.R. 2834 in June. The bill will tax as ordinary income the fees--or “carried interest”--that partners of hedge funds, leveraged buyout firms and other partnerships earn.

Please use the form to tell your member of Congress to support H.R. 2834.