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Home»Posts tagged with»billions

GOP Estate Tax Plan Could Mean Over $100 Billion Giveaway for Musk and Trump Heirs

By Eloise Goldsmith | Common Dreams on Mar 28, 2025   Featured, National, National/World  

GOP Estate Tax Plan Could Mean Over $100 Billion Giveaway for Musk and Trump Heirs

“We are seeing the rise of an oligarchy… And yet here we are talking about dismantling the estate tax, the one tax at the federal level that actually slows this concentration of wealth and power,” said one expert. Americans for Tax Fairness has crunched the numbers and found that a Republican push to do away […]

As Musk Attacks Public Workers, Analysis Details $38 Billion in Taxpayer Gifts to World’s Richest Man

By Eloise Goldsmith | Common Dreams on Feb 28, 2025   Featured, National, National/World  

As Musk Attacks Public Workers, Analysis Details $38 Billion in Taxpayer Gifts to World’s Richest Man

A former member of the National Economic Council under Biden asked if anyone can “think of another way to save over $38 billion that doesn’t involve vandalizing agencies.” A group of Washington Post journalists on Wednesday published what appears to be the most comprehensive readout to date of the government contracts, loans, subsidies, and tax credits that the companies […]

House Democrat Probes Trump’s $1 Billion ‘Quid Pro Quo’ Deal With Big Oil

By Jessica Corbett | Common Dreams on May 17, 2024   Featured, National, National/World, Politics  

House Democrat Probes Trump’s $1 Billion ‘Quid Pro Quo’ Deal With Big Oil

Rep. Jamie Raskin expressed concern that some firms, “which have a track record of using deceitful tactics to undermine effective climate policy, may have already accepted or facilitated Mr. Trump’s explicit corrupt bargain.” A top U.S. House Democrat announced Tuesday that he is demanding answers from fossil fuel executives after Washington Post reporting revealed last week that former Republican […]

GOP ‘Fealty to Megadonors on Full Display’: IRS Cuts Will Cost $40 Billion in Lost Revenue

By Jake Johnson | Common Dreams on Jun 3, 2023   Featured, National, National/World, Politics  

GOP ‘Fealty to Megadonors on Full Display’: IRS Cuts Will Cost $40 Billion in Lost Revenue

“After holding our entire economy hostage and threatening to trigger a global financial meltdown, Republicans protected wealthy tax cheats and creepy billionaires,” said Sen. Sheldon Whitehouse. A preliminary analysis from the Congressional Budget Office released Thursday estimates that the $21.4 billion in IRS funding cuts that Republicans and the Biden White House agreed to enact […]

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