“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 […]
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 […]