Friday, June 26, 2026

Tag: tax reform

House Republicans advance massive budget bill with Medicaid cuts and tax...

GOP lawmakers pushed a sweeping bill forward in a rare Sunday vote after cutting a backroom deal with far-right Republicans to fast-track deeper Medicaid cuts and slash food aid—while offering permanent tax cuts for the wealthy and corporations.

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.

POPULAR

Bipartisan bill introduced in House to ban use of pesticide paraquat in US agriculture

The bill would "direct the Environmental Protection Agency to cancel all existing paraquat registrations, revoke any tolerances permitting paraquat residue in food, and ban the sale and use of existing stocks upon enactment."

Losing face, losing the base, losing the midterm race—a tidal trifecta 

Though daring MAGA lies seem tidal,/ Denying outcomes suicidal.

Why Biden’s debate disaster two years ago matters for the future

Looking ahead, a great need will be to overcome the ongoing culture of conformity that so badly damaged the Democratic Party in 2024 and helped Trump get back into the White House.

Anti-ICE protesters sentenced to decades as Trump turns ‘antifa’ label into prosecution tool

The Prairieland case transformed a July 4 protest outside a Texas immigration jail into a terrorism prosecution, with sentences from 30 to 100 years and warnings of a new federal playbook against left-wing dissent.

Alaska governor vetoes single-use polystyrene foam foodware ban

For now, polystyrene products will remain legal for use by commercial food vendors statewide.