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New report reveals millionaires’ tax rates slashed by half since 1950s, fueling wealth inequality
This stark reduction in tax rates for the wealthiest Americans coincides with an era of escalating income disparity and could be costing the federal government hundreds of billions in lost revenue annually.
Alarm bells ring as GOP pushes ‘death panel’ agenda for Social Security amid election...
The committee's actions come at a critical juncture, as President Biden, a staunch defender of Social Security and Medicare, prepares for a potential re-election battle against former President Donald Trump.
Progressives slam omnibus retirement provisions as ‘giveaway to the rich’
"This bill does not make it easier for workers to save for retirement, it just makes it easier for high-income earners to shelter more of their earnings from taxes."
House GOP panel releases budget that would ‘destroy Social Security as we know i’
"The largest group of House Republicans just released a budget that calls for massive tax cuts for the super-rich and raising the Social Security retirement age, a benefit cut for millions of Americans."
Right-wing groups mobilize against effort to crack down on tax dodging by the rich
“You can’t raise taxes, you can’t raise taxes that have just been lowered, and you can’t enforce existing tax laws—a never-ending race to the revenue bottom,” said one critic of the right-wing campaign.
Study of 50 years of tax cuts for rich confirms ‘trickle down’ theory is...
“Major tax cuts for the rich since the 1980s have increased income inequality, with all the problems that brings, without any offsetting gains in economic performance.”
Two sides, same coin: Suppressing votes, cutting rich people’s taxes
America’s national media typically pay little attention to the moves the nation’s state lawmakers make. Not this year. State legislative battles have...
Senate investigation shows how GOP law enabled Big Pharma’s ‘extreme’ tax avoidance
"Big Pharma gets us coming and going—they charge Americans sky-high prices and they pay absolute rock-bottom taxes, not anywhere near a fair share."
While the rest of the U.S. was struggling, 55 corporations paid $0 in federal...
“We should continue to call on policymakers to address the gaping corporate tax loopholes that make this kind of tax avoidance possible.”
Timber tax cuts cost Oregon towns billions. Then polluted water drove up the price.
Rural communities in Oregon paid millions of dollars for clean, safe drinking water because the state didn’t protect their watersheds from logging-related contamination.