This Day in Alaska History-February 25th, 1997
Trump Quietly Dishes Out More Tax Breaks to Rich Investors While Slashing Food Aid for Millions
“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 […]
This Day in Alaskan History-August 21st, 1914
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2% Wealth Tax on Just 3,000 Billionaires Could Raise $250 Billion a Year: Nobel Economists
“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 […]