Monday, April 28, 2025

Tag: tax reform

Patriotic Millionaires challenge oligarch power with sweeping economic plan

As economic inequality worsens and public frustration grows, a coalition of wealthy Americans offers a radical legislative blueprint to dismantle the grip of the ultra-rich on democracy.

How billionaires have sidestepped a tax aimed at the rich

Lawmakers created a new type of Medicare tax to capture the kinds of income the rich often enjoy, but a host of billionaires have managed to avoid paying it.

Walz calls out Trump’s economic failures in Fox News interview, emphasizes...

Minnesota Gov. Tim Walz defends the Democratic economic plan on Fox News, drawing sharp contrasts with Donald Trump’s tax policies and calling out corporate price gouging.

Trump’s tax plan: More wealth for the rich, less for working...

New report reveals the potential impacts of corporate tax cuts on income inequality, with wealthy Americans benefiting while the bottom half suffers.

Lawmakers demand tax reform as major corporations pay executives more than...

Senators Warren and Whitehouse, along with Representative Casar, lead a call for fair taxation amid revelations of corporate tax avoidance and CEO overcompensation.

Wyden calls out trillions dodged by ultra-rich, proposes tax reform to...

Democratic senators propose fair tax contributions from the ultra-wealthy as a solution to protect Social Security for future generations, challenging Republican cuts and calling for real revenue reform.

Secretive Project 2025 proposal could tax benefits for 15 million workers,...

A little-known proposal in Project 2025, authored by Trump administration alumni, threatens to impose significant new taxes on workers’ benefits, potentially cutting healthcare and increasing financial burdens for millions of families.

Supreme Court upholds mandatory repatriation tax in Moore case

The mandatory repatriation tax (MRT) was enacted in 2017 as part of the Tax Cuts and Jobs Act and the provision has raised more than $300 billion of revenue for the federal government since then.

IRS targets basis shifting loophole to reclaim $50 billion from super...

IRS crackdown on complex tax maneuvers is set to generate significant federal revenue by enforcing compliance among high-income taxpayers.

New era of inequality: Billionaires pay less in taxes than the...

Economist Gabriel Zucman's analysis reveals that for the first time, U.S. billionaires have a lower effective tax rate than working-class Americans, sparking a renewed debate on wealth tax.

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Workers in 600 cities to mobilize against ‘billionaire takeover’ in massive May Day protests

Nationwide demonstrations set to challenge Trump administration’s pro-wealth policies, mass arrests, and immigrant crackdowns as unions and grassroots groups unite across all 50 states.

How to stop an autocrat

What can Americans learn from the citizens of Brazil, Poland, and South Korea who defeated the dragons threatening their democracies?

Nepo babies and the myth of the meritocracy

Society’s top tiers are rife with nepotism. It’s past time to expose just how much unearned wealth and power has been accrued by elites.

US Jews to Trump: Stop using antisemitism charges to repress dissent and undermine liberty

Thankfully, this consortium of thoughtful Jewish organizations has countered this travesty with a united effort and lucid arguments.

How lab-grown meat could bring an end to needless animal cruelty

Lab-grown meat is a sustainable and ethical alternative to traditional meat. It offers the same taste and texture while reducing animal suffering, environmental impact, and health risks.