It’s a day few people in the United States look forward to. Tax Day is April 15, which means Americans have until Monday to either file their income tax return for 2023 or request an extension. As of March 29, the Internal Revenue Service, or IRS, had received more than 90 million tax returns, most of […]
“American workers should not be paying more in federal income taxes, in a given year, than profitable companies like Target, Amazon, and T-Mobile,” said the senator. U.S. Sen. Bernie Sanders and Congresswoman Jan Schakowsky on Wednesday introduced a bill that aims to close tax loopholes for corporations, end tax breaks for businesses that move jobs abroad, and […]
“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.” Nearly every state and local tax system in the U.S. is fueling the nation’s inequality crisis by forcing lower- and middle-class families to contribute […]
“If not for the Bush tax cuts, their extensions, and then the Trump tax cuts, the U.S. debt-to-GDP ratio would be declining indefinitely,” wrote Sen. Sheldon Whitehouse. The Democratic chair of the Senate Budget Committee rebuked his Republican colleagues on Thursday for demanding action to reduce the U.S. debt after adding roughly $10 trillion to it with […]