This Day in Alaskan History-August 21st, 1914
‘Rigged’ US Tax Code Blamed as Wealthy See Major Retirement Account Gains
“It is unacceptable that taxpayers are forced to spend billions of dollars subsidizing the retirement accounts of the wealthiest people in America,” said Sen. Bernie Sanders. A report published Thursday by the nonpartisan Government Accountability Office shows that the median retirement account balance of high-income U.S. households nearly doubled between 2007 and 2019 while those […]
Sen. Ron Johnson Argues Against Rich Paying Fair Share to Ensure Social Security’s Survival
The Wisconsin Republican millionaire accused working-class Americans of “getting a lot more in return” from the key social program than rich people who pay disproportionately less into its coffers. U.S. Sen. Ron Johnson came under fire Wednesday after the multimillionaire Wisconsin Republican asserted during a Senate hearing that Social Security—an economic lifeline for tens of […]
Push for IRS Cuts Confirms Top GOP Priority: ‘Enabling Tax Cheating by the Super-Rich’
“Further evidence that this was never about the debt. It’s about squeezing families to protect billionaires.” Republican negotiators are reportedly close to securing as much as $10 billion in cuts to recently approved Internal Revenue Service funding as part of a debt ceiling deal with the White House, a development that critics said further shows the GOP’s […]