Tag: income inequality

Legislation would target households worth over $1 billion and direct revenue toward healthcare, housing, childcare, and teacher pay.

New data and polling show wealth surging at the top under Donald Trump while healthcare, food assistance, and affordability erode for millions.

As the nation endures record inequality and a prolonged government shutdown, Tesla shareholders have granted CEO Elon Musk a pay deal that could make him the world’s first trillionaire, prompting fierce backlash from lawmakers, labor unions, and progressive groups.

But what about the preventable ones? Shouldn’t the United States provide for the basic needs of its people?

Sen. Bernie Sanders and Rep. Rashida Tlaib unveiled legislation that would impose higher taxes on corporations paying executives more than 50 times their workers, citing billion-dollar gaps at firms like Walmart, Starbucks, and Tesla.

At the 100 largest low-wage corporations, the average CEO now makes 632 times more than a typical worker.

Ken Kies, a longtime lobbyist for major corporations and the ultra-wealthy, now leads the Treasury’s tax policy office under Trump—just as Republicans push for new tax cuts benefiting the richest Americans.

Oxfam said the alliance created at the UN conference shows the political will for taxation of the super-rich that countries must follow their lead and join forces.

New CBO analysis confirms steep losses for poorest Americans under GOP-backed plan as Medicaid, SNAP, and public programs are gutted to fund tax cuts for the top 1 percent.

As House Republicans approve tax breaks for the wealthy, they simultaneously move to gut Medicaid and food assistance, rejecting all amendments to protect vulnerable Americans.