Tag: tax reform
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.
Sanders and Schakowsky champion corporate tax reform to end ‘legalized tax...
The Corporate Tax Dodging Prevention Act is a bold initiative designed to close the gap in the corporate tax code that allows for extensive tax avoidance.
$8.5 trillion untaxed: The urgent call for a billionaire income tax
Recent analysis reveals that America's wealthiest hold $8.5 trillion in untaxed assets, spotlighting the critical need for tax reform to address growing wealth inequality.
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."
Now’s the time to unrig the tax code
Leaked IRS data proves the rumors are true: Many billionaires pay no income taxes. Will that spur reform?
Another tax scam for the rich
It’s another big handout to the wealthy, another huge increase in the federal deficit, and it’s illegal.
Speak loudly and carry a limp twig
Trump once promised a Teddy Roosevelt-style populist agenda. There's nothing left of it.
Republican tax reform: Principles of ethics and morals be damned
Republicans are trying to peddle the old worn out “trickle down” economic theory that they insist will greatly stimulate growth and create millions of jobs.
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Uncertainty looms over Trump’s assassination attempt: FBI questions details
FBI Director Christopher Wray’s testimony reveals doubts about whether Donald Trump was hit by a bullet or shrapnel during an assassination attempt, raising questions about the investigation’s progress and transparency.
Vance’s popularity crisis: Can the RNC afford to keep him on the ticket?
Polling reveals deep unpopularity for GOP vice presidential nominee J.D. Vance, raising questions about the Republican Party’s strategy and the potential consequences for the 2024 election.
American healthcare workers demand Biden and Harris end support for Israeli assault on Gaza
As President Joe Biden and Vice President Kamala Harris met with Israeli Prime Minister Benjamin Netanyahu, American healthcare workers who volunteered in Gaza urge U.S. leaders to end Israel’s assault, citing the atrocities witnessed firsthand.
Public opposition to Project 2025 surges as Trump distances himself
Awareness and disapproval of Project 2025 increase significantly despite Trump’s attempts to disassociate from the controversial conservative policy agenda.
730 million people faced hunger last year: A global crisis demanding urgent action
The latest UN report reveals alarming levels of hunger and malnutrition, highlighting the need for urgent political and financial commitments to address food insecurity worldwide.