Tag: tax cuts

Exploring the roots of the U.S. debt crisis: unpacking how tax cuts for the rich have fueled fiscal challenges.

"The Roberts Court could decide with the stroke of a pen to simultaneously forgive big business decades of tax dues."

The poorest fifth, meanwhile, would get just $1.4 billion in tax cuts under the Republican legislation, according to a new analysis.

"If House Republicans were actually serious about the deficit, they would demand wealthy corporations pay their fair share in taxes," one advocate said.

"It's not a slap in the face. It's a step in the right direction. We shouldn't be going [into] debt for getting an education."

Billionaire business owners deployed lobbyists to make sure Trump’s 2017 tax bill was tailored to their benefit. Confidential IRS records show the windfall that followed.

It’s not radical to rein in this irresponsibility. It’s radical to let it continue.

“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.”

“In the context of budgetary constraints and the recent, pandemic-related impacts on non-Federal labor markets, the Administration supports the policy in the bill to maintain for 2021 the current level of Federal civilian employee pay.”

"At the very least these workers need immediate paid sick leave, but for them to be able to pay their bills and support their families, they need economic relief more than any other group of Americans."