From the Coalition on Human Needs (http://www.chn.org): Did you know that the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) lifted 9 million people out of poverty last year, including 5 million children.1 Thanks to Congress expanding … Continued
Posted at https://www.commondreams.org/news/2022/01/19/100-ultra-rich-people-warn-fellow-elites-its-taxes-or-pitchforks “History paints a pretty bleak picture of what the endgame of extremely unequal societies looks like,” reads an open letter signed by millionaires and billionaires calling for higher taxes on people like themselves. JAKE JOHNSON January 19, … Continued
Posted at https://www.commondreams.org/news/2021/11/17/285-billion-tax-cut-rich-now-2nd-most-expensive-piece-build-back-better “The whole initiative seems deliberately sculpted to hand the American right a weapon to bludgeon Democrats ahead of the election.” JAKE JOHNSON November 17, 2021 A $285 billion tax cut that would predominantly flow to rich households is now the … Continued
The House is hoping to vote on the historic Build Back Better legislation THIS WEEK―and to pay for it by making the rich and corporations finally pay their fair share. Join us and our national coalition partners and call your … Continued
Posted at https://krc-pbpc.org/research_publication/the-build-back-better-framework-a-transformative-plan-for-21st-century-america/ NOTE: This is the deal that has been reported. It is still unknown whether or not it will pass in both houses of Congress. Statement from PA Budget and Policy Center, Keystone Research Center, and 99% PA … Continued
From Americans for Tax Fairness (https://americansfortaxfairness.org/): Democrats are nearing a deal to Build Back Better. And the Billionaires Income Tax could be the critical piece that gets this deal done―taxing wealth like work, as President Biden has repeatedly called for, and … Continued
From Americans for Tax Fairness (https://americansfortaxfairness.org/): The Corporate Profits Minimum Tax would ensure companies that report over $1 billion in profits to shareholders pay at least a 15% tax rate on those gigantic profits. Based on estimates for similar proposals, … Continued
From Environment America (https://environmentamerica.org/): We are so close to achieving a major win for clean energy progress across the country, and we need your help to see it through. Federal tax incentives have been one of our most effective tools … Continued
From Americans for Tax Fairness (https://americansfortaxfairness.org/): President Biden ran on a promise to tax wealth like work. Closing the Carried Interest Loophole that’s allowing Wall Street money managers to cut their taxes nearly in half would help deliver on that … Continued
Posted at https://www.commondreams.org/news/2021/10/18/indefensible-us-billionaires-became-21-trillion-richer-19-months-pandemic New analysis shows that just 745 individuals have combined $5 trillion in wealth—most of which will never be taxed—as nations reels from pain inflicted by Covid-19. JON QUEALLY October 18, 2021 American billionaires grew in number and expanded … Continued