Thursday, March 6, 2025

Tag: taxes

Ending oil subsidies and taxing the rich could unlock $5 trillion...

The report, released during the United Nations General Assembly talks and ahead of the COP29 climate summit, outlines a series of proposals that could shift resources away from environmentally harmful practices and toward sustainable development.

Harris breaks with Biden on capital gains tax based on ‘failed...

Speaking to supporters, Harris emphasized the importance of supporting investment in small businesses and innovation while ensuring that the wealthy pay their fair share.

Project 2025: How the far-right’s tax plan would hike middle-class taxes...

Project 2025, a far-right agenda, proposes radical tax reforms that would disproportionately burden middle-income Americans while granting significant tax breaks to the wealthiest households and large corporations.

The United States needs a ‘Robin Hood Tax’

A giant tax fight awaits next year—when a number of the 2017 tax cuts for the rich and businesses expire.

Kamala Harris signals support for billionaires tax amid growing wealth inequality

This endorsement marks a crucial step in addressing the widening wealth gap in the country, particularly as billionaires continue to amass vast fortunes while millions of Americans struggle financially.

Undocumented immigrants pay higher tax rates than top 1% in most...

New study reveals that undocumented immigrants pay nearly $100 billion in taxes annually, contributing more to state and local revenues than the wealthiest Americans in most states, while being excluded from the social programs they help fund.

IRS reclaims over $1 billion from wealthy tax evaders in under...

New IRS funding from the Inflation Reduction Act targets wealthy tax dodgers, reclaiming over $1 billion in unpaid taxes.

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.

Trump’s $48 billion corporate tax cut proposal exceeds annual K-12 education...

The proposed reduction in the corporate tax rate from 21% to 15% would result in massive tax savings for the largest U.S. companies, benefiting wealthy shareholders while neglecting workers and public investments.

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Since 1975, $79 trillion has been redistributed from the bottom 90% to the top...

Has this massive redistribution, driven by policies favoring corporations and the wealthy, reshaped the American economy?

Just 36 companies drove half the world’s climate-altering emissions in 2023: New report

Released today by the Carbon Majors project, the list is dominated by coal, cement, and oil producers.

Trump and Musk’s plan to slash 83,000 VA jobs sparks outrage

A leaked internal memo from the Department of Veterans Affairs (VA) has revealed that the Trump administration, in coordination with Elon Musk’s...

Why is Trump sabotaging our national security?

Trump ordered the cyber command at DOD, to "stand down" regarding any monitoring of Russian actions. This is how this could damage our national security.

Supreme Court weakens clean water protections, allowing more raw sewage discharge into US waterways

The ruling blocks the EPA from enforcing broad water quality limits through “end result” permits, which require cities and businesses to ensure discharged water meets pollution standards.