“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 […]
“House Republicans want to return to the lawless days of rampant tax evasion by the nation’s wealthiest.” During the final year of Donald Trump’s presidency, the Internal Revenue Service audited low-income families at a higher rate than millionaires for the first time, according to an Americans for Tax Fairness analysis released as congressional Republicans work to further […]