“Why would corporations spend millions on Trump’s ballroom or Bitcoin? Because they’re getting billions in unlegislated tax breaks,” said one Democratic lawmaker. The Trump administration is quietly waging an all-out regulatory war on a Biden-era corporate tax that aimed to prevent large companies from dodging their tax liabilities while reporting huge profits. The corporate alternative minimum tax (CAMT) was […]
“Not only is it necessary to impose a stronger burden of justice on billionaires, but more importantly, it is possible.” Seven Nobel laureates on Monday published an op-ed advocating for “a minimum tax for the ultrarich, expressed as a percentage of their wealth,” in the French newspaper Le Monde. “They have never been so wealthy and yet contribute […]
“The Trump tax scam is a grift for the ultrarich, including those who are in charge of passing this legislation themselves, and a betrayal to hardworking Americans everywhere,” said the head of Accountable.US. As U.S. President Donald Trump and congressional Republicans’ so-called “Big Beautiful Bill” heads to the Senate, a watchdog group on Tuesday released a report […]
